The bill establishes the Nurse Licensure Compact in Minnesota, enabling registered nurses (RNs) and licensed practical/vocational nurses (LPNs/VNs) to practice across state lines with a multistate license. It includes provisions for licensure requirements, state licensing board authority, and procedures for addressing adverse actions against nurses. Key elements include mandatory criminal history checks for applicants and the creation of a coordinated licensure information system to share licensure and disciplinary information among participating states. The bill also outlines the responsibilities of party states in enforcing the compact, including the authority to take adverse actions against a nurse's multistate licensure privilege and the requirement to report significant investigative information.

Additionally, the bill establishes the Interstate Commission of Nurse Licensure Compact Administrators, detailing its governance structure, voting rights, and financial responsibilities. The commission is empowered to create uniform rules, manage finances, and maintain transparency through public meetings. It also includes provisions for qualified immunity for commission members and outlines a 30-day challenge period for rule revisions. The compact will take effect once enacted by at least twenty-six states or by December 31, 2018, and allows states to withdraw with six months' notice. The Board of Nursing is granted authority for disciplinary actions and will receive funding for implementation in fiscal year 2024, with an effective date for these provisions set for July 1, 2023.