The bill establishes the "Shark River Bridge Study Commission" tasked with analyzing the economic impact of the Shark River Bridge closure by the Department of Transportation. The commission will consist of eight members, including representatives from the General Assembly, Senate, New Jersey Economic Development Authority, and local business owners. It is required to submit a report with findings and recommendations to the Governor and Legislature within 18 months of its organizational meeting. The commission will also be supported by the New Jersey Economic Development Authority, which will provide necessary administrative assistance.

Additionally, the bill mandates the creation of the "Shark River Bridge Impacted Business Aid Program" by the New Jersey Economic Development Authority within 18 months after the commission's report submission. This program will provide grants to businesses affected by the bridge closure to cover operational costs. Businesses must apply for these grants, detailing the impact of the closure and how the funds will be used. The Chief Executive Officer of the Economic Development Authority will approve applications on a competitive basis, and a report on the program's operations will be submitted to the Governor and Legislature within one year of its establishment.