The bill establishes a new section, 490.0065, in the Florida Statutes, which outlines the certification process for psychologists to obtain prescriptive authority. It defines key terms such as "prescribing psychologist" and "controlled substance," and mandates that the Board of Psychology certify psychologists who meet specific educational and training criteria. The board is tasked with developing procedures for certification, including requirements for continuing education and the maintenance of professional liability insurance. Additionally, the bill specifies that prescribing psychologists must collaborate with a patient's primary care physician before prescribing medications and prohibits certain actions, such as delegating prescription authority to others.

Furthermore, the bill requires psychologists authorized to prescribe controlled substances to register their federal Drug Enforcement Administration number with the board and maintain a current record of all prescribing psychologists. It also establishes an interim panel by October 1, 2025, to recommend rules governing prescriptive authority and develop a formulary for prescribing psychologists, which will include guidelines for treating patients under 18 and limitations on prescribing certain controlled substances. The panel's recommendations are due by February 1, 2026, and the provisions related to the panel will expire on May 1, 2026.