NJ S3172

Establishes a 13-member Commission on Efficiency and Regulatory Review within the Office of Administrative Law, comprising one public member appointed by the Governor as chairperson and 12 ex officio members including legislative leaders, cabinet officials, and agency directors.

Requires the commission to review all Executive Branch agency rules, regulations, and Executive Orders to assess economic impacts and determine whether costs to businesses, workers, and local governments outweigh intended benefits, with annual reports and recommendations to the Governor and Legislature.

Mandates agencies file a notice of intent at least 90 days before formal rule proposals (previously optional), and requires new cost-benefit analyses and economic impact assessments certified by the Office of Administrative Law before rules can be published.

Changes the rule readoption process so that if any adverse public comment is received during the 30-day notice period, the rule continuation must be treated as a new rule proposal subject to full Administrative Procedure Act requirements.

Requires the commission to hold at least two public hearings annually in different regions of the state to receive testimony from business leaders, workers' groups, local officials, and taxpayers on regulatory burdens.