Requires calculation of national average time needed to approve applications for initial credential in profession or occupation and use of average time as standard in New Jersey.

This bill requires New Jersey professional licensing boards (e.g., for nursing, engineering, or cosmetology) to track how long other states take to approve initial license applications. Boards must calculate a national average approval time based on data from other states and adopt it as their official timeline for processing new licenses. If a board misses this average, it must use licensing fees to hire experts who identify efficiency improvements to meet the standard. The Division of Consumer Affairs reviews compliance annually, with boards retaining fee revenue until they meet the national average timeline.