The bill establishes the "Cosmetologist Licensure Compact," which aims to facilitate the interstate practice and regulation of cosmetology. Its primary goals include improving public access to cosmetology services, enhancing safety, and reducing unnecessary licensure burdens. The compact allows licensed cosmetologists to practice across member states while ensuring public health and safety, and it emphasizes cooperation among states, particularly in supporting military personnel and their spouses. Member states must meet specific requirements, such as licensing and regulating cosmetology and implementing background check procedures. The compact also allows for the issuance of multistate licenses recognized by all member states, while retaining the authority for states to set their own educational and professional licensure requirements.

Additionally, the bill establishes a Cosmetology Licensure Compact Commission, which will oversee the licensure and regulation of cosmetology professionals across participating states. This commission will consist of delegates from each member state's licensing authority and will be responsible for joint investigations and sharing investigative materials. The bill includes provisions for active military members and their spouses to maintain their home state licensure during active duty and establishes a data system for tracking licensure and adverse actions against licensees. The commission members will have qualified immunity in the course of their duties, ensuring transparency and accountability in financial operations, which will be subject to annual review.