The bill, titled "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 nonvoting chair. Members will serve without compensation and will have the authority to engage staff and third-party consultants to assist in their duties.

The commission's primary responsibilities include identifying areas for spending reductions in the state budget, reviewing and recommending repeals of regulations that burden businesses and citizens, and suggesting eliminations or consolidations of government programs to improve efficiency. The commission is required to report its initial findings on spending reductions by October 1, 2025, and its comprehensive recommendations by October 1, 2026. The resolution also includes a sunset provision, repealing the commission on October 2, 2026, and it will take effect upon the Governor's approval.