The proposed bill would amend current statutes by mandating the Arizona Commerce Authority (ACA) to utilize all available resources to reduce fuel and gas prices, designating this reduction as its primary objective until December 31, 2029. The ACA would be required to prioritize existing programs or incentives that support this goal. Additionally, the bill instructs the ACA to collaborate with the oil and gas industry to conduct a comprehensive study on various aspects, including the potential repeal of the state's cleaner burning gasoline blend, the construction of refined product pipelines, and the establishment of a strategic oil and gas reserve.

Furthermore, the ACA would need to meet at least three times with the chairpersons of the relevant legislative committees to provide updates on fuel prices and the study's progress. A report detailing the findings and any legislative recommendations must be submitted to the Governor, the President of the Senate, and the Speaker of the House by October 1, 2026. The bill includes a provision for the repeal of this section after the specified date.