This bill mandates that the state university of Iowa, Iowa state university of science and technology, and the university of northern Iowa must sign the federal Compact for Academic Excellence in Higher Education by December 31, 2026. It requires each institution, along with the board of regents, to take all necessary actions to ensure that the signature is obtained by the specified deadline.

Additionally, the bill includes an effective date provision stating that it will take effect immediately upon enactment, emphasizing its urgency and importance.