The bill continues the regulatory reduction task force established by the management council in 2023, specifying its membership and duties. The task force will include members from the Wyoming House of Representatives and Senate, as well as public representatives from various industries such as oil and gas, mining, agriculture, and local governments. Additionally, ex officio members from the executive department will participate. The task force is tasked with identifying areas for reducing regulatory burdens on Wyoming's industries, proposing legal changes, and reporting annually to the governor and legislature on its findings and recommendations.

The bill also includes appropriations of $55,000 from the general fund for the legislative service office and the office of the governor to cover salaries, mileage, and per diem for task force members. The task force is set to terminate on December 31, 2025, and the appropriations are designated for the period ending June 30, 2026, with any unspent funds reverting as per the law. The act will take effect immediately upon completion of the necessary legislative processes.