This bill aims to limit the scope of certain consumer contracts by ensuring that they apply exclusively to the specific service purchased by the consumer. It prohibits these contracts from including provisions that extend their governance to other products or services offered by the contracting company or its affiliates that are not part of the original service agreement. This change is intended to protect consumers from being bound by terms that may apply to unrelated transactions.

Additionally, the bill defines a "consumer contract" as a written agreement for services obtained for personal, family, or household purposes, explicitly excluding agreements related to securities transactions with registered broker-dealers and commodities transactions with registered futures commission merchants. The act is set to take effect 180 days after its enactment and will apply to consumer contracts entered into or renewed after that date.