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 requires agencies to assess whether the benefits of each rule continue to outweigh its costs and burdens, and to determine if the rule remains effective or has become outdated.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 requirement for agencies to perform a regulatory impact analysis for all proposed administrative rules, ensuring that the implications of new rules are thoroughly evaluated before adoption.

The bill amends existing law by inserting a new requirement for agencies to complete a review of existing rules prior to their expiration and to report the findings. It also adds a requirement 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 in serving the public interest.

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