This bill mandates that State agencies in New Jersey conduct periodic reviews of administrative rules and regulations set to expire after seven years. The review process will assess whether the benefits of each rule continue to outweigh its costs and burdens, and whether the rule remains effective or has become outdated. Agencies are required to 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 law by inserting a requirement for agencies to complete a review of existing rules prior to their proposed readoption, whether with or without changes. It also adds a provision for a regulatory impact analysis that considers the need for the rule and its consequences, including qualitative factors such as equity and fairness. These changes aim to enhance accountability and ensure that administrative rules remain relevant and effective, addressing a gap in the current law that lacks a systematic review process for existing regulations.

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