NJ S4373

Creates a 13-member Commission on Efficiency and Regulatory Review within the Office of Administrative Law to assess economic impacts of Executive Orders and agency regulations on businesses, workers, and local governments, with authority to recommend amendments or repeals of burdensome rules

Requires agencies to file a notice of intent at least 90 days before formal rule proposals (previously optional and with no timeline), and mandates agencies prepare cost-benefit analyses evaluating whether costs to residents, businesses, workers, and local governments exceed the proposed rule's benefits

Requires the Office of Administrative Law to review and certify the adequacy of impact statements before rules can be distributed or posted online, and mandates that scientific reports and data supporting proposed rules be made publicly available

Changes rule readoption process so that if an agency receives any adverse public comment on a proposed rule extension, the continuation must be treated as a new rule proposal subject to full Administrative Procedure Act requirements

Allows agencies to make substantial changes upon adoption if changes are a "logical outgrowth" of the proposed rule, and requires the Department of Environmental Protection to submit annual reports on permit application processing times to specified legislative committees