The bill aims to repeal the requirement for a fiscal impact statement for any proposed legislation that imposes new or increased cost obligations for health benefit plans on state entities. It also seeks to eliminate the bill filing deadline for legislation affecting the State and Public School Life and Health Insurance Program, as well as other health benefit plans associated with state entities. Specifically, the bill repeals Arkansas Code 10-2-133 and 21-5-421, which previously mandated the preparation of fiscal impact statements and established deadlines for introducing related bills.

By removing these requirements, the bill intends to streamline the legislative process for health benefit-related legislation, allowing for greater flexibility in introducing and considering such bills without the constraints of fiscal impact assessments or filing deadlines. This change could potentially expedite the legislative process for health benefit plans, making it easier for lawmakers to propose and pass relevant legislation.