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

Additionally, the bill establishes that violations of this provision 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 prohibited agreement or for exercising their rights under this new law. The bill is set to take effect immediately upon passage.