The bill establishes the "Commission on Reduction of Grocery Costs" in New Mexico, which will operate until March 31, 2026. The commission will consist of nine members, with a diverse representation in terms of political party, expertise, and demographics. Its primary responsibilities include reviewing policies to reduce grocery costs, recommending strategies to support local food businesses, evaluating supply chain investments, and assessing the state's laws on price gouging and other pricing manipulations. The commission is required to submit a report with findings and recommendations to the governor and relevant legislative bodies by November 15, 2025.

To support the commission's work, the bill appropriates $400,000 from the general fund for fiscal years 2025 and 2026. Additionally, it includes provisions for member compensation in accordance with the Per Diem and Mileage Act. The bill declares an emergency, allowing it to take effect immediately for the public's peace, health, and safety.