The bill establishes the Joint Committee on Military and Veterans Affairs within Arkansas Code Title 10, Chapter 3, creating a new subchapter (Subchapter 33). This committee will consist of twelve members from the House of Representatives and eight members from the Senate, with specific selection processes outlined for both chambers. The committee is tasked with addressing military and veterans affairs, conducting studies, and reviewing related legislation. Members will serve in addition to their roles on other committees, and leadership positions within the committee will be designated by the Speaker of the House and the Chair of the Senate Committee on State Agencies and Governmental Affairs.

Additionally, the bill includes an emergency clause, emphasizing the urgent need to address the growing military presence in Arkansas and the associated issues affecting veterans and their families. The act is deemed immediately necessary for the preservation of public peace, health, and safety, and will take effect upon approval by the Governor or under specified conditions if not acted upon. The bill also outlines provisions for member compensation and staff assistance from the Bureau of Legislative Research and other state agencies.