The bill establishes the Interstate Podiatric Medical Licensure Compact, designed to improve healthcare access by allowing podiatric physicians to obtain licensure in multiple states through a streamlined process. This compact works alongside existing state licensing authorities, ensuring that podiatrists are licensed in the states where they provide care. Key features include definitions of relevant terms, eligibility requirements for licensure, and a coordinated information system for sharing disciplinary actions among member states. The compact also creates the Interstate Podiatric Medical Licensure Compact Commission, which will oversee the compact's administration and facilitate cooperation among states.

Additionally, the bill details the structure and powers of the interstate commission, including the appointment of voting commissioners from each member state and the requirement for annual meetings. The commission will have the authority to enforce compliance, issue advisory opinions, and manage finances through assessments on member states. It also outlines enforcement mechanisms for addressing defaults and resolving disputes among states. The compact will take effect once enacted by at least four states, with provisions for nonmember states to participate in commission activities on a nonvoting basis. The bill includes procedures for member states to withdraw and provisions for the compact's dissolution if membership falls to one state.