This bill establishes the Social Media Settlement Fund within the Department of the Treasury, which will be funded by the State's share of moneys received from the Settlement Agreement of August 2026 related to the case "In re: Social Media Adolescent Addiction/Personal Injury Products Liability Litigation." The State Treasurer is responsible for depositing these funds, along with any interest or additional appropriated moneys. The Department of Human Services is designated as the lead agency to oversee the disbursement and allocation of these funds, ensuring compliance with the Settlement Agreement and focusing on equitable access for underserved communities.

The funds will be used to address issues related to social media and Internet addiction, cyber-bullying, and youth mental health disorders. Specific allocations include mental health awareness programs, education on safe social media use, support programs for adolescents, and research into social media impacts. The bill also allows the Department of Human Services to adopt necessary regulations to implement these provisions effectively. The act is set to take effect immediately and is retroactive to August 25, 2026.