New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A2416

Introduced
2/7/22  

Caption

Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

Impact

The introduction of A2416 is expected to make significant changes to how businesses interact with local and state governments. It proposes to provide uniform guidelines that all businesses must follow, thereby eliminating inconsistencies in local regulations. This uniformity is seen as essential for creating a business-friendly climate that can spur job creation and economic growth. However, the bill also raises questions about the limits of state authority over local governance and the potential for overreach into community-specific needs.

Summary

A2416 is a legislative proposal aiming to establish clearer guidelines and standards for businesses operating within the state. The bill seeks to create a balanced framework that enhances economic development while addressing local concerns. Proponents argue that the bill will streamline business regulations, making it easier for companies to navigate existing laws and minimize bureaucracy. The intention is to attract new businesses and foster a more competitive economic environment within the state.

Contention

The discussions surrounding A2416 highlight a division among stakeholders regarding its implications. Supporters, primarily from the business sector and certain legislative groups, argue that simplifying regulations will lead to economic expansion and better job opportunities. Conversely, local government representatives and advocacy groups express concern that the bill undermines local authority. They argue it may hinder communities' abilities to address unique challenges they face, particularly in areas such as environmental regulation and public health. The contention focuses on striking a balance between necessary state oversight and vital local control.

Companion Bills

No companion bills found.

Previously Filed As

NJ S3055

Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

NJ A3297

Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

NJ A613

Requires landlords of certain properties providing child care services who refuse lead service line replacements to install and maintain water filters.

NJ S3938

The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.

NJ S3046

Concerns expedited process for foreclosing vacant and abandoned residential properties in uncontested actions.

NJ S3065

Requires reporting and investigation of alleged incidents of sexual harassment and sexual violence at institutions of higher education and requires institutions to provide employee training on such reports.

NJ S1223

Requires landlords of certain properties providing child care services who refuse lead service line replacements to install and maintain water filters.

NJ SR17

Urges lending institutions in State to stop financing projects that contribute to climate change.

NJ A588

Requires public community water systems to provide customers with certain information regarding lead in drinking water.

NJ A2777

The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.

Similar Bills

NJ S3055

Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

NJ A3297

Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

NJ A1458

Protects equity accrued by property owner in tax sale foreclosure.

NJ S1425

Protects equity accrued by property owner in tax sale foreclosure.

NJ S2708

Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.

NJ A2233

Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.

NJ S3938

The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.

NJ A2777

The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.