Requires that certain medical education programs give priority to certain applicants.

This bill requires New Jersey teaching hospitals that receive state Medicaid funding for medical training programs to prioritize applicants who are New Jersey residents or enrolled at state-supported medical schools (Cooper, Rowan, Rutgers NJMS, or Rutgers RWJMS) for residency, fellowship, and third/fourth-year clerkship positions. Hospitals failing to comply face a 20% reduction in their Medicaid funding for these programs. The law applies specifically to hospitals licensed under New Jersey's health regulations that accept state funding for graduate medical education. It aims to increase local training opportunities for New Jersey residents and students at public medical schools.