Directs the Department of Transportation to study the impact of reforms to the State Environmental Policy Act (SEPA) enacted by SL 2015-90 (SEPA Reform).  Specifically directs the Department to assess impacts on transportation project permitting costs and other savings as a result of shortening project construction timelines. Requires the Department to report the results of the study and any recommendations by the Department for other changes in State environmental law that would result in significant cost savings to the Environmental Review Commission no later than December 1, 2016.