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's professional licensing boards (e.g., for nursing, engineering, and other regulated occupations) to collect national average application approval times from other states and calculate a standard for their own processing timelines. Boards must use this national average as their target for approving initial credentials, after approval by the Division of Consumer Affairs. If boards miss the target, they must use licensing fees to hire third-party experts to identify improvements, with follow-up reviews after six months. The law mandates initial data collection within six months of enactment, followed by annual accuracy reviews to ensure boards meet the standardized timelines.