The bill amends R.S.34:15-64 to establish new regulations regarding the fees for witnesses and attorneys in workers' compensation cases. It allows for specific fees to be paid to evaluating and treating physicians for their reports and testimony, with caps set at $1,000 for evaluating physicians and varying amounts for treating physicians based on the nature of their involvement. Additionally, it introduces provisions for psychologists, nurse practitioners, and licensed clinical social workers to receive fees for their reports or testimony related to the treatment of injured workers. The bill also stipulates that no fees for evaluating physicians can be contingent on the outcome of a judgment, and all fees must adhere to the established limits.

Furthermore, the bill outlines the criteria for determining reasonable fees for medical witnesses and emphasizes the need for prior approval from the judge of compensation for all claimant attorney fees. It specifies that when a judgment is made in favor of a petitioner, deductions for the petitioner's expenses must be directed to the appropriate parties before the remainder is paid to the petitioner. The act is set to take effect immediately and will apply to all claims pending on or after the date of enactment.