The bill proposes the repeal of the Motion Picture Fair Trade Practices Act in Montana, which includes the elimination of several specific sections from the Montana Code Annotated. The sections being repealed cover various aspects of the Act, including its short title, purpose, definitions, prohibitions on blind bidding, unlawful provisions in license agreements, bid requirements, void acts, and the classification of violations as misdemeanors.

By repealing these sections, the bill effectively removes the regulatory framework that governed fair trade practices in the motion picture industry within the state. This legislative change signifies a shift in the state's approach to regulating the motion picture industry, potentially impacting how film distribution and licensing are conducted in Montana.