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 it prohibits minors from being present at or viewing such performances in places of business. Individuals over 18 who knowingly bring a minor to a drag show 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 allow minors to attend drag shows will face fines of $10,000 per minor for each violation, and owners or managers who knowingly permit this will also be guilty of a class D felony.

Furthermore, the bill prohibits state agencies or public entities that receive state funds from using those funds to host drag shows, with similar fines imposed for violations. 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 also clarifies definitions related to "place of business" and "minor" for the purposes of enforcement.