This bill prohibits employers from requiring employees or prospective employees to enter into training repayment agreements as a condition of employment. It declares that any such agreement is void, meaning that employees are not obligated to make any payments under these agreements. The bill provides a definition of a training repayment agreement, which includes any requirement for an employee to pay back an employer or third party if they leave their job, but it excludes certain types of agreements such as cash advances, equipment payments, educational sabbatical contracts, and those made as part of collective bargaining agreements.

Additionally, the bill establishes that violations of this prohibition will be treated as non-compliance with existing labor laws, specifically referencing P.L.1965, c.173. This means that employees can seek remedies and penalties as outlined in that act if they face discrimination or retaliation for refusing to enter into a training repayment agreement or for exercising their rights under this new legislation. The bill is set to take effect immediately upon passage.