H.B. No. 1647 establishes a theft of petroleum products task force under the Railroad Commission of Texas to address and 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, conduct ongoing studies, and analyze the impact of petroleum theft on sales tax and the economy. The task force will also make recommendations for outreach and prevention programs, as well as training for law enforcement and prosecutors.

The task force is required to submit a report every two years, detailing its findings and legislative recommendations aimed at increasing transparency, improving security, and enhancing consumer protections related to petroleum theft. Additionally, the bill specifies that the task force's duration and the designation of its presiding officer are exempt from certain provisions of the Government Code. The act is set to take effect on September 1, 2025, and will expire on December 31, 2030.