Establishes Regulatory Improvement Commission.

This bill establishes a new Regulatory Improvement Commission within New Jersey's Department of State to evaluate state regulations. The commission will specifically target regulations imposing high costs on small businesses, excessive paperwork, or inefficiencies, aiming to reduce compliance burdens while maintaining public health and safety protections. It will collect public input through a website and mail for 120 days after its first meeting, then submit recommendations for modifying, consolidating, or repealing regulations to the Governor and Legislature. The nine-member commission, appointed by the Governor and legislative leaders, must prioritize regulations affecting small business growth and innovation in its reviews.