Establishes New Jersey Regulatory Modernization Commission.

This bill establishes the New Jersey Regulatory Modernization Commission to review state regulations and reduce unnecessary burdens on businesses and residents. The commission, composed of 11 members including small business and regulatory experts, will annually assess rules, solicit public feedback via a digital portal, and publish reports with economic impact analysis. State agencies must respond to the commission’s recommendations within 90 days, though the commission has only advisory authority and cannot change regulations itself. The bill appropriates $250,000 for the commission’s operations and requires all findings to be posted publicly. (Bill A-1344, "New Jersey Regulatory Modernization and Red Tape Reduction Act")