This bill establishes a framework for preceptorships for students in the final year or final two semesters of chiropractic medicine programs in New Jersey. It defines key terms such as "preceptorship," which refers to a clinical program where students practice under the direct supervision of a State-licensed chiropractor, and outlines the responsibilities of the State Board of Chiropractic Examiners in approving both preceptors and the educational institutions from which students are eligible to apply.

Students wishing to participate in a preceptorship must apply for a limited license, which requires proof of good academic standing and payment of a non-refundable fee. Importantly, this limited license cannot be renewed upon expiration. The bill also stipulates that existing provisions governing chiropractors may apply to students in preceptorships as deemed appropriate by the board. Overall, the legislation aims to facilitate the transition of chiropractic students into licensed practitioners within New Jersey, thereby supporting the retention of graduates in the state.