The "Restoring Rights of Medical Residents Act" proposes to eliminate a specific antitrust exemption currently benefiting graduate medical resident matching programs. By repealing Section 207 of the Pension Funding Equity Act of 2004, the legislation intends to bring these programs under the purview of standard antitrust regulations. This change could foster increased competition and potentially modify the operational framework for medical residency placements. The bill's provisions, including the repeal, are slated to become effective on the March 18th that occurs after the date of its enactment.