Lawmakers this week advanced a bill that creates a red tape review commission that would evaluate how the economic benefits of regulations and executive orders stack up against the burdens of business and government.
As reported by Michael Symons of NJ101.5 News, NJBIA is supporting the formalizing of the Government Efficiency and Regulatory Review (GEARR) Commission because regulatory relief is a recurring theme for the association and the Legislature’s manufacturing caucus.
NJBIA Vice President of Government Affairs Christopher Emigholz testified to the Senate State Government, Wagering, Tourism & Historic Preservation Committee that regulatory changes can sometimes result in economic growth, without costing the state any money.
“And so moving in this direction, having commissions like this, getting to a regulatory relief system that is more favorable to our taxpayers, our businesses, our constituents, all the voters in the state, helps our state, makes our state a better state, an easier state to live in,” Emigholz said.
“Government should be constantly evolving, looking to be leaner, more efficient, more effective, and this bill does that,” he added. “It makes us a better steward of taxpayer dollars, and it makes us a better provider of quality services.”
Additionally, the formation of a commission to review New Jersey’s regulatory structure and identify inefficiencies and overly burdensome red tape was one of the recommendations made to improve the state’s innovation economy in NJBIA’s Indicators of Innovation report.
To see the full NJ101.5 report, click here.
To see Emigholz’s full written testimony, click here.