Since the subject of alternative formation and fellowship has come up several times before, I can't help but be interested. Now, I have to wonder if there is a difference here despite the historical ties between the UUA and the UCC. We have a rare ministerial glut. Perhaps the UCC doesn't. There's also a different, semi-Presbyterial mechanism for ordination.
But, like the UCC, we have an underused "equivalent to M.Div." proviso standard. We also have a history, via Universalism, of licensed ministers, though the use has morphed in a couple of small ways in local areas.
There's a link to the proposal at Churck Currie's blog or the UCC press release.
But a line makes me consider the purpose of the proposed change: to open up the ministry more effectively to ethnic and cultural minorities.
Episcopal bishop (for the American churches in Europe) Pierre W. Whalon wrote an article (read to the end) about how that would work under their alternative ordination Canon 9 and another on the importance of recruitment to the ministry. Both are worth a read.