The bill establishes the New Jersey Reparations Task Force, which is designed to study and propose reparations for African-Americans in the state. Comprising 11 members—four legislators and seven public members—the task force will be appointed by the Governor and legislative leadership, with a requirement that at least four public members come from civil rights and social justice organizations. The task force's responsibilities include examining the historical context of slavery in New Jersey, the ongoing effects of systemic discrimination, and the state's role in these injustices. To gather community input, the task force will hold at least six public meetings in various cities, including Camden, Paterson, Newark, New Brunswick, Atlantic City, and Trenton.

The task force is mandated to produce an interim report within 12 months and a final report within 24 months, detailing its findings and recommendations for reparations. This includes identifying historical injustices faced by African-Americans, proposing educational initiatives, and suggesting remedies and compensation for descendants of enslaved individuals. Members of the task force will serve without compensation but may be reimbursed for expenses. The bill underscores the urgency of addressing these issues, particularly as the elder African-American population, who can directly attest to the impacts of racism and oppression, continues to age. The Governor is tasked with convening the first meeting no later than the first day of the third month after the bill's enactment, after which the task force will be dissolved following the submission of its final report.