The "Right to Earn a Living Act" aims to limit occupational regulations to those that are demonstrably necessary for public health, safety, or welfare. The bill mandates that all state agencies conduct a comprehensive review of their existing occupational regulations within one year of the act's effective date. Agencies must articulate the specific public objectives served by each regulation and either repeal or modify those that do not meet the established standards. Additionally, the act allows individuals to petition agencies to repeal or modify regulations, with agencies required to respond within 90 days. If an agency fails to act favorably on a petition, individuals can challenge the regulation in court.

The bill introduces new definitions and standards for occupational regulations and public service restrictions, emphasizing that these regulations should not protect existing businesses from competition. It preempts any inconsistent local laws regarding the right to pursue a chosen profession, declaring them null and void. The act also stipulates that individuals who successfully challenge a regulation in court may be awarded attorney's fees and costs. Overall, the legislation seeks to enhance economic mobility by reducing excessive government interference in the pursuit of business and professional opportunities.