The bill establishes the Interstate Podiatric Medical Licensure Compact, which aims to enhance access to healthcare by allowing 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 eligibility criteria for expedited licensure, the establishment of a principal state license, and the creation of an interstate commission to oversee the compact's administration. The bill also outlines the application and renewal processes, sharing of disciplinary information, and the confidentiality of such information, while maintaining the authority of state boards to conduct investigations and impose disciplinary actions.

Additionally, the bill details the responsibilities and powers of the interstate commission, including the appointment of commissioners, annual meetings, and the ability to enforce compliance with the compact's provisions. It includes procedures for addressing defaults by member states, dispute resolution mechanisms, and the process for amending the compact. The compact will become effective once enacted by at least four states, with provisions for nonmember states to participate in commission activities on a nonvoting basis. Overall, the compact aims to create a collaborative framework for podiatric licensure across state lines, ensuring that podiatrists can practice efficiently while maintaining regulatory oversight.