The bill, titled the "Commission on Fiscal Restraint and Government Efficiency," establishes a commission tasked with reviewing and modernizing the structure and funding of state government to enhance efficiency and reduce costs for taxpayers. The commission will consist of nine voting members appointed by the President of the Senate, the Speaker of the House, and the Governor, with the Director of the Department of Administration serving as a non-voting chair. The commission will not provide compensation or per diem to its members and will have the authority to engage third-party consultants as needed.

The commission's primary responsibilities include conducting a survey of state appropriations to identify potential spending cuts, reviewing regulations to alleviate burdens on businesses and citizens, and recommending the elimination or restructuring of government entities to improve efficiency. The commission is required to report its findings on spending reductions by October 1, 2025, and its additional recommendations by October 1, 2026. The joint resolution will be repealed on October 2, 2026, and will take effect upon the Governor's approval.