relative to establishing an office of regulatory efficiency and oversight.

This bill creates a new Office of Regulatory Efficiency and Oversight within the Department of Business and Economic Affairs to represent private industry interests in state rulemaking. The office will be led by an executive director appointed by the governor, alongside advisors focused on private industry navigation and government efficiency, who will work to reduce regulatory duplication and barriers. Key provisions require all proposed agency rules to be submitted to the office 30 days before public hearings and mandate the completion of a public cost-benefit analysis within six months of the office's start. Additionally, the office will accept complaints from businesses regarding existing or proposed regulations and annually review professional licensing boards to recommend improvements. The legislation appropriates $1.5 million for the office's operations in the 2025 fiscal year and sets its effective date for January 1, 2025.