The bill establishes regulations regarding minors' attendance 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 charged with 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 may file civil lawsuits for damages ranging from $10,000 to $50,000 for each violation, with the possibility of recovering court costs and attorney fees if they prevail. The bill aims to restrict minors' exposure to drag shows and imposes significant penalties on individuals and businesses that violate these provisions.