The bill establishes the "Cosmetologist Licensure Compact," which aims to facilitate the interstate practice and regulation of cosmetology, thereby improving public access to services, enhancing safety, and reducing licensure burdens. It allows member states to create a multistate licensing program that grants licensed cosmetologists the ability to practice across state lines while ensuring compliance with each state's laws. The compact emphasizes key objectives such as promoting interstate practice, protecting public health, supporting military families, and facilitating information exchange regarding licensure and disciplinary actions.

Additionally, the bill creates a Cosmetology Licensure Compact Commission, which will oversee the licensure of cosmetology professionals across member states, enabling joint investigations and sharing of investigative materials. The commission will consist of delegates from each member state's licensing authority and will have the authority to adopt rules, maintain financial records, and conduct legal proceedings. Provisions for active military members and their spouses are included, allowing them to retain their home state licensure during active duty. The bill also outlines procedures for rulemaking, oversight, and dispute resolution, ensuring that the compact remains effective and adaptable even if the number of member states falls below seven.