The proposed legislation establishes a School of Intellectual Freedom as an independent academic unit within the University of Iowa, specifically located in the College of Liberal Arts and Sciences. The school is tasked with conducting teaching and research focused on the historical ideas, traditions, and texts that have influenced the American constitutional order and society. It will offer instruction on subjects such as the intellectual foundations of free societies, principles of the American constitutional order, and responsible leadership. The bill also emphasizes the importance of free speech, civil discourse, and expanding intellectual diversity within the university community.

Additionally, the bill outlines the governance structure of the school, including the establishment of bylaws, the employment of at least five tenure-eligible faculty members, and the creation of an academic council to assist in selecting a dean. The dean will have significant authority over faculty recruitment, curriculum development, and inviting guest speakers, while also being required to report annually on the school's achievements and challenges. The school is permitted to accept private donations and must use all funds exclusively for its direct operations.