Democrat Phil Murphy has been elected as the next Governor of the State of New Jersey. Murphy comes in to the office with a double-digit victory over departing lieutenant governor Kim Guadagno (R), and the backing of a state legislature controlled by Democrats.  Governor-Elect Murphy, who has never served in elected office, promises to take the Garden State in a new direction.

Among the portions of his platform most likely to be of interest to businesses, Governor-Elect Murphy has committed to:

  1. “Establishing a state-level Consumer Financial Protection Bureau and strengthening existing regulations in light of President Trump’s efforts to roll-back the federal Dodd-Frank Wall Street reform law”;
  2. “Holding bankers accountable by prosecuting financial fraud”;
  3. “Requiring telecom providers and ISPs to seek permission before collecting personal information”;
  4. “Appointing an Attorney General who will enforce consumer protections around data privacy”;
  5. “Improving our state’s existing cybersecurity and other Homeland Security initiatives”; and
  6. “Convening stakeholders in government, industry, and academia to share best practices in cybersecurity and to foster new innovations.”

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