Modifies New Jersey Regulatory Flexibility Act to minimize economic impact of rules on small businesses and small local government units.
This bill modifies the New Jersey Regulatory Flexibility Act to ensure that agencies consider the economic impact of rules on small businesses and small local government units. Agencies must convene a review panel with representatives from affected small businesses and local government units to provide input on regulatory alternatives. Agencies must also prepare an Economic, Small Business, Small Local Government Unit, and Consumer Impact Statement for each rule.
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- Legal Framework
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