This bill mandates that State agencies in New Jersey conduct periodic reviews of administrative rules and regulations that are set to expire after seven years. The review process requires agencies to assess whether the benefits of the rule continue to outweigh its costs and burdens, and to determine if the rule remains effective or has become outdated. Agencies must report their findings to the Governor and the Legislature, as well as publish the results in the New Jersey Register. Additionally, the bill introduces a new requirement for agencies to perform a regulatory impact analysis for all proposed administrative rules, ensuring that the implications of new regulations are thoroughly evaluated before adoption.

The bill amends existing laws to incorporate these new review and analysis requirements, thereby enhancing accountability and transparency in the rule-making process. Specifically, it inserts a provision that mandates the completion of a review prior to the notice of proposed readoption of any rule, and it requires a regulatory impact analysis that considers the need for the rule and its potential consequences. These changes aim to ensure that administrative rules remain relevant and effective, while also providing a structured approach for evaluating the impact of new regulations on the public and the economy.

Statutes affected:
Introduced: 52:14B-5.1, 52:14B-4