The bill requests the Regulation and Licensing Department to establish a task force by July 15, 2026, to study and recommend a regulatory framework for activities and services in New Mexico's motion picture, television, and performing arts industries. The study should evaluate when industry activities constitute employment procurement and recommend statutory or administrative action to support industry growth while promoting transparency and fairness. The task force is also to include various industry representatives and report its findings and recommendations by November 30, 2026. The bill aims to address the lack of regulatory standards and oversight in the state's entertainment industry.