This bill establishes new procedures for state licensing boards, referred to as "qualifying boards," regarding their proposed actions that may have anticompetitive effects. It requires these boards to submit such actions to the Secretary of State for review to ensure they align with state policy. The Secretary of State must provide a written determination within sixty days, and the qualifying board is obligated to follow any recommendations made. Failure to comply with the Secretary's determination can result in misconduct charges against board members, potentially leading to their removal by the appointing authority.

Additionally, the bill outlines specific actions that do not require submission to the Secretary of State, including actions that the respondent consents to, those resulting from criminal convictions, and actions that do not affect a license's status. The bill also allows qualifying boards to seek clarification from the Secretary of State on whether an action qualifies as a proposed qualifying action. The new law is set to take effect on November 1, 2025.