This bill establishes new safety measures for scrap metal businesses in New Jersey. It mandates that each business conduct a quarterly audit of their records to ensure compliance with existing regulations and to confirm that prohibited items are not present on their premises. Additionally, the bill requires businesses to take steps to reduce the risk of fire, which includes employing or contracting trained fire suppression personnel and installing an on-site fire suppression system that can be operated remotely.

The act will take effect six months after its enactment, with a grace period of five years for scrap metal businesses to install the required fire suppression systems. The Commissioner of Environmental Protection is authorized to take necessary administrative actions in advance to facilitate the implementation of these new safety measures.