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.

S 1387 requires New Jersey professional licensing boards (e.g., for nurses, engineers) to collect data from other states on average application approval times for initial credentials. Boards must calculate a national average time for each profession and use it as their mandated timeline for processing new applications. If a board misses this average, it must use licensing fees to hire outside experts to identify improvements, with a six-month follow-up review. The bill mandates initial data collection within six months of enactment, annual accuracy reviews, and requires boards to retain fee revenue until they meet the national average standard. This directly affects applicants waiting for licenses and the boards managing those processes.