The proposed bill, known as the "Commercial Premises Liability Act," establishes the liability of possessors of real property for injuries sustained by invitees on their premises. An "invitee" is defined as an individual who is invited to enter or remain on the property for the benefit of the possessor or for business-related purposes. The bill outlines the responsibilities of possessors, stating that they must exercise ordinary care to protect invitees from unreasonable risks of harm that they are aware of or should be aware of.

Additionally, the bill specifies that possessors are not required to protect invitees from risks associated with "open and obvious" conditions unless those conditions have special features that create an unreasonably high risk of severe harm. The act also clarifies that it does not alter any existing defenses available to property owners or possessors under other laws, nor does it create a duty of care for owners who are not also possessors. Furthermore, the act does not apply to conditions inside buildings or structures on the premises.