The bill establishes the Interstate Podiatric Medical Licensure Compact, which aims to streamline the licensing process for podiatric physicians across member states, thereby enhancing access to healthcare while ensuring patient safety. It retains the regulatory authority of state podiatric medical boards and sets eligibility requirements for expedited licensure, including the necessity for a full and unrestricted license in the physician's principal state. The operational structure of the compact is outlined, detailing the responsibilities of the Interstate Podiatric Medical Licensure Compact Commission, which will oversee implementation, collect renewal fees, and maintain a coordinated information system for member boards. The bill also provides for joint investigations and disciplinary actions among states, facilitating the mobility of podiatric physicians while upholding state licensing integrity.

Additionally, the bill introduces provisions for the governance and potential dissolution of the compact, including rules for handling the impact of a member state's withdrawal on podiatric licenses and the process for dissolution if membership falls to one state. It emphasizes the need for cooperation among member states and includes provisions for severability, ensuring that if any part of the compact is unenforceable, the remaining provisions remain valid. The compact will take effect on July 1, 2026, and all actions taken by the commission, including rules and bylaws, will be binding on member states.