The bill, HB 953, addresses regulations concerning life safety and property protection related to conveyance devices in buildings. It proposes to amend Act No. 598 of the 2018 Regular Session by changing the effective date for compliance from July 1, 2024, to July 1, 2040. This amendment allows building owners more time to ensure that their conveyance devices undergo the required safety tests every five years, particularly for buildings with two stories occupied by a single tenant where employees are regularly present.

Additionally, the bill includes technical changes to the language of the original act, specifically correcting references from "Act 598" to "Act No. 598" in two instances. The proposed changes are set to take effect upon the governor's signature or the lapse of time for gubernatorial action. Overall, the bill aims to enhance safety regulations while providing a more extended timeline for compliance.