The bill establishes the Interstate Podiatric Medical Licensure Compact, designed to improve access to healthcare by enabling podiatric physicians to obtain licensure in multiple states through a streamlined process. This compact works alongside existing state licensing and regulatory authorities, ensuring that podiatric physicians are licensed in the states where they provide care. Key provisions include definitions of essential terms, eligibility requirements for licensure, an application process for expedited licensure, and the creation of a coordinated information system for tracking licensed podiatric physicians. The compact also facilitates joint investigations and disciplinary actions among member states, while maintaining the jurisdiction of state podiatric medical boards.

Additionally, the bill outlines the formation of an interstate commission to oversee the compact's administration, detailing its structure, powers, and duties, including the ability to create binding rules and enforce compliance. The commission will consist of one voting representative from each member state and is required to meet annually, ensuring public transparency and allowing for electronic participation in meetings. Provisions for enforcement of the compact are included, addressing defaults by member states and allowing for legal action against noncompliant states. The compact will take effect once enacted by at least four states, with nonmember states permitted to participate in commission activities on a nonvoting basis prior to full adoption.