The bill establishes regulations regarding minors' presence at drag shows in Iowa. It defines a drag show as a performance where a performer exhibits a gender identity different from their assigned gender at birth and engages in various forms of entertainment. Under the new law, no minor is allowed to be present at or view a drag show at a place of business. Individuals over 18 who knowingly bring a minor to such an event will be guilty of a class D felony, which carries potential penalties of confinement for up to five years and fines ranging from $1,025 to $10,245. Additionally, businesses that permit minors to attend drag shows will face fines of $10,000 per minor for each violation.

The bill also prohibits state agencies or public entities that receive state funds from using those funds to host drag shows, with similar fines imposed for violations. Furthermore, parents or legal guardians of minors can file civil lawsuits for damages between $10,000 and $50,000 for each violation, with the possibility of recovering court costs and attorney fees if they prevail. The definitions of "place of business" and "minor" are clarified within the context of the bill, ensuring that the regulations apply broadly to various types of establishments.