Requires State agency to identify at least two existing rules for repeal for every one new rule adopted.

This bill requires New Jersey state agencies to identify at least two existing regulations for elimination whenever they propose a new rule. It directly affects all state agencies that create new regulations, mandating that they include this "two-for-one" requirement in all public notices and summaries of proposed rules. Agencies must explain how repealing the two existing rules will offset the costs of the new rule. The law aims to reduce regulatory complexity by ensuring new rules don't add to the overall regulatory burden without corresponding removals.