The bill establishes the Psychology Interjurisdictional Compact, which enables licensed psychologists to provide telepsychology and temporary in-person psychological services across state lines. This compact is designed to improve public access to mental health services while ensuring the protection of public health and safety through state regulation. Key provisions include the recognition of a psychologist's authority to practice telepsychology in receiving states, contingent upon meeting specific criteria such as holding a valid license and having no history of adverse actions. Additionally, psychologists can practice temporarily in distant states for up to thirty days within a calendar year under similar conditions.

The legislation also creates a commission to oversee the compact, granting it powers such as issuing subpoenas, conducting investigations, and enforcing compliance with the compact's rules. The commission will maintain a coordinated database of licensure and disciplinary actions and will be governed by an executive board composed of six members. The bill outlines the commission's rulemaking process, oversight mechanisms, and procedures for dispute resolution, including provisions for the termination of a state's membership if it defaults on its obligations. The compact will take effect once enacted by seven states, and any amendments will require approval from all member states, ensuring its effectiveness and adaptability.