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 licensing boards for professions (like nursing or engineering) to collect data on how long other states take to approve initial credentials. They must calculate a national average processing time for each profession and use that as the standard deadline for approving applications in New Jersey. If a board misses the target average, it must use licensing fees to hire outside experts to identify improvements, with a follow-up review six months later. The boards must complete this data collection within six months of the bill's effective date, with annual accuracy checks thereafter.