Thank you all for your contributions the the ESRI community. Users have been able to use attribute rules to achieve this functionality for some time now. In ArcGIS Pro 3.4, we introduced the concept of templated attribute rules, which allows users to implement attribute rules using standard geoprocessing tools. The 'Generate Spatial Join Attribute Rule' tool provides access to the functionality being requested in this idea.
For more information on templated attribute rules, and the Generate Spatial Join Attribute Rule GP tool check out the links below.
Templated Attribute Rules
Generate Spatial Join Attribute Rule
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