Revises "Administrative Procedure Act" concerning socio-economic impact statements for proposed rule-making.

This bill requires New Jersey state agencies to prepare specific impact statements before adopting new rules. It directly affects agencies creating regulations by mandating they include socio-economic impact analyses, jobs impact assessments, agriculture industry effects, housing affordability evaluations, smart growth development reviews, and racial/ethnic community justice impact statements. These statements must be published publicly alongside rule notices in the New Jersey Register and on agency websites. The changes apply to all rule-making processes except for organizational rules or emergency rules under specific conditions. The bill aims to increase transparency about how proposed regulations may affect communities and the economy.