The State Agency Regulatory Compliance Officer Act aims to enhance collaboration between state agencies and regulated communities by establishing a framework for regulatory compliance. Each agency is required to designate a regulatory compliance officer responsible for developing policies that promote clarity in regulations, educate regulated entities about compliance, and facilitate communication. The compliance officer will also work to resolve noncompliance issues before penalties are imposed and provide opinions on regulatory duties upon request, which can serve as a defense in enforcement proceedings if the requester acts in good faith based on the officer's guidance.

Additionally, the act empowers the regulatory compliance officer to establish guidelines for waiving fines or penalties if a regulated entity reports a violation before any penalties are imposed. Each agency must submit an annual report to the General Assembly detailing progress made in compliance with the act, the number of regulated entities served, and the types of entities served. The act is set to take effect 60 days after its passage.