This bill mandates that the New Jersey Transit Corporation (NJT) rescind a previously approved fare increase of three percent, which was set to take effect on July 1, 2025. The fare increase was authorized by the NJT board during their meeting on April 15, 2024.

The legislation is designed to prevent the fare hike from being implemented, ensuring that transit users will not face the additional costs associated with the increase. The bill is set to take effect immediately upon enactment.