The bill establishes a theft of petroleum products task force under the Railroad Commission of Texas to study and recommend measures to prevent the theft of petroleum products in the state. The task force will consist of representatives from the oil and gas industry, energy trade associations, and various law enforcement agencies. It is mandated to meet quarterly, potentially conducting meetings virtually, and will conduct an ongoing study that includes reviewing laws from other jurisdictions, analyzing the economic impacts of petroleum theft, and making recommendations for outreach and training programs.

Additionally, the task force is authorized to consult with necessary organizations and share information related to active criminal investigations, even if such information is typically confidential. The task force is required to submit a report every two years, detailing its findings and recommendations, which may be submitted electronically. The bill specifies that certain provisions of the Government Code do not apply to the task force's duration or leadership, and it is set to expire on December 31, 2030, with an effective date of September 1, 2025.