This bill establishes a framework for preceptorships for students in the final year or final two semesters of chiropractic medicine programs in New Jersey. It defines key terms such as "preceptorship," which refers to a clinical program where students practice under the direct supervision of a State-licensed chiropractor, and outlines the responsibilities of the State Board of Chiropractic Examiners in approving both the preceptors and the educational institutions. The bill mandates that the board create regulations for these preceptorships and requires students to apply for a limited license to participate, which will not be renewable upon expiration.

Additionally, the bill stipulates that students must demonstrate good academic standing and pay a non-refundable fee as part of their application for the limited license. It also indicates that existing provisions governing chiropractors will apply to students in preceptorships as deemed appropriate by the board. The overall goal of the legislation is to facilitate the transition of chiropractic students into licensed practitioners within New Jersey, thereby supporting the retention of graduates in the state's healthcare workforce.