The bill proposes the creation of a "fair paycheck workplace certificate" in Ohio, which aims to promote equitable compensation practices among employers. It establishes new sections in the Revised Code, defining key terms such as "compensation," "employee," and "employer." Employers seeking this certificate must apply to the director of commerce, providing detailed information about their workforce demographics and compensation practices. The director will issue the certificate if the employer demonstrates that the average gross compensation for male and female employees does not differ by more than five percent. The initial certificate is valid for six months and can be renewed annually.

Additionally, the bill mandates the establishment of a public database by the director of commerce, listing employers who have received the certificate, along with their current status. While the data submitted by employers regarding individual employees will remain confidential, the director's decision to issue or deny a certificate will be a public record. The bill also outlines the process for appealing a denial and requires the director to adopt rules regarding the application fee for obtaining the certificate.