The proposed bill establishes regulations for compounded medications, specifically those intended for weight loss, by creating a new section in the Florida Statutes (s. 499.038). It defines "compounded medication" as a customized drug prepared by a licensed pharmacist or physician when commercially available medications do not meet a patient's specific health needs. The bill prohibits the sale, transfer, or distribution of compounded medications for weight loss unless the seller provides documentation to the Department of Business and Professional Regulation. This documentation must certify that the active pharmaceutical ingredients used are pharmaceutical-grade, sourced from FDA-registered facilities, and accompanied by a valid certificate of analysis confirming their safety and effectiveness.

Additionally, the bill outlines penalties for violations, including fines of $1,000 per dose for illegally compounded drugs and potential revocation of licenses or permits for offenders. The Department of Business and Professional Regulation is authorized to adopt rules and conduct inspections to ensure compliance with these regulations. The act is set to take effect upon becoming law, reflecting the Legislature's commitment to safeguarding public health and ensuring the integrity of compounded medications.