Establishes Regulatory Improvement Commission.

This bill establishes the Regulatory Improvement Commission within New Jersey's Department of State to evaluate state regulations and recommend changes. The nine-member commission (appointed by the Governor, Senate leaders, and Assembly leaders) will prioritize regulations that impose high costs on small businesses, create excessive paperwork, or could be made more effective while reducing costs. It will gather public input through a 120-day comment period and focus groups, then develop specific recommendations for modifying, consolidating, or repealing regulations. The commission must submit a final report to the Governor and Legislature within 365 days of its first meeting, with the commission dissolving 30 days after submission. The goal is to reduce compliance costs, encourage economic growth, and improve competitiveness while maintaining public health and safety protections.