Relating to preparation of racial and ethnic impact statements; prescribing an effective date.

Requires Legislative Policy and Research Director or chief sponsor of bill or proposed constitutional amendment to prepare racial and ethnic impact statement. Specifies contents of statement. Prohibits committees or joint committees from moving bill or proposed constitutional amendment to floor of Senate or House of Representatives unless racial and ethnic statement is prepared and made publicly available. Requires, if initial racial and ethnic impact statement estimates negative impact, committee to hold public hearing to consider ways to eliminate or mitigate estimated negative impact on traditionally marginalized groups. Takes effect on 91st day following adjournment sine die.