Requirements for proxy advisors. Provides that if a proxy advisor makes a recommendation against entity management on an entity proposal or proxy proposal, or makes a default recommendation or policy concerning votes against entity management on entity proposals or proxy proposals, and the proxy advisor does not do so based on a written financial analysis, the proxy advisor shall do the following: (1) At the time the proxy advisor provides the proxy advisory services, provide a clear and conspicuous disclosure to each interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services, that: (A) identifies the services being provided by the proxy advisor; (B) identifies the recommendation at issue; and (C) states that the proxy advisor has made the recommendation without utilizing a written financial analysis regarding the impact that the recommended action would have on entity interest holders. (2) If the proxy advisor provides certain proxy advisory services, then at the time the proxy advisor provides the proxy advisory services, the proxy advisor must provide to entity management the disclosure provided to each interest holder or any person acting on behalf of an interest holder receiving the proxy advisory services. (3) For the entire time that a proxy advisor is providing proxy advisory services to an interest holder of an entity or any person acting on behalf of an interest holder of an entity, prominently display on the home page of the proxy advisor's website a statement that the proxy advisor has made a recommendation: (A) against entity management on an entity proposal or proxy proposal; and (B) without utilizing a written financial analysis regarding the impact that the recommended action would have on entity interest holders. Provides that if a proxy advisor makes a recommendation against entity management on an entity proposal or proxy proposal, or makes a default recommendation or policy concerning votes against entity management on entity proposals or proxy proposals, and the proxy advisor does so based on a written financial analysis, the proxy advisor shall do the following: (1) At the time the proxy advisor provides the proxy advisory services, provide a clear and conspicuous disclosure to each interest holder or any person acting on behalf of an interest holder, receiving proxy advisory services, that: (A) identifies the services being provided by the proxy advisor; (B) identifies the recommendation at issue; (C) states that the proxy advisor utilized a written financial analysis regarding the impact that the recommended action would have on entity interest holders in making the recommendation; and (D) states that the written financial analysis is available upon request. (2) Make the written financial analysis available to an interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services within a reasonable time after an interest holder or any person acting on behalf of an interest holder, receiving the proxy advisory services requests the written financial analysis. (3) If the proxy advisor provides certain proxy advisory services, then at the time the proxy advisor provides the proxy advisory services, the proxy advisor must provide a copy of the written financial analysis to entity management. Amends the definition of "consumer transaction" for purposes of the deceptive consumer sales act to include the provision of a product or service to a state agency or a local agency in Indiana. Amends the definition of "supplier" for purposes of the deceptive consumer sales act to include an entity that provides a product or service to a state agency or a local agency in Indiana. Provides that an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a state agency may be brought and enforced only by the attorney general. Provides that an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a local agency may be brought and enforced only by an attorney acting on behalf of the local agency, unless the local unit of government served by the local agency requests the attorney general to bring and enforce an action on behalf of the local unit. Provides that in an action that arises from a consumer transaction involving the provision of a product or service by a supplier to a state agency or a local agency, a court may take certain actions.

Low THC hemp extract. Defines "hemp" as a cannabis plant that contains not more than 0.3% total THC. Defines "low THC hemp extract" as a substance that: (1) is derived from hemp; (2) does not contain more than 0.3% total THC; (3) does not contain synthetic or synthesized cannabinoids; (4) contains no other controlled substances; and (5) is not sold in a container that contains more than 0.4 milligrams of total THC. Provides that a person that manufactured low THC hemp extract before January 1, 2026, may continue to manufacture the product solely for out of state export. Prohibits the sale of products containing THC to minors, and the purchase, possession, or transport of products containing THC by minors. Makes conforming amendments.

Wage matters. Updates or amends certain portions of the definition of "employee". Provides that an employer who knowingly sells merchandise or supplies to an employee for higher than the market price commits a Class C infraction. Provides that an employer must pay each employee at least semimonthly or biweekly the amount due the employee. (Current law gives the employee the choice.) Provides that a wage assignment: (1) is not required to have a revocation provision on or after July 1, 2026; and (2) may benefit the employer under certain circumstances. Specifies that an employee may bring an action under certain wage provisions if an employer makes an improper wage deduction. Reorganizes certain minimum wage and wage claim provisions. Changes the statute of limitations with respect to certain minimum wage and wage claim provisions. Makes technical and conforming changes.

State and local administration. Repeals the Hoosier alliance against drugs, the advisory committee on the oral history of the general assembly, and the Wendell L. Willkie memorial commission. Removes expired provisions located within Indiana Code sections. Limits collective bargaining with school bus drivers to the subjects allowed in collective bargaining with teachers. Provides that the prohibited subjects of collective bargaining with teachers apply to collective bargaining with school bus drivers. Makes conforming changes and technical corrections.

Competitive electric generation service. Provides that beginning: (1) July 1, 2028, for industrial customers; (2) January 1, 2029, for commercial customers; and (3) July 1, 2029, for residential customers; a customer of an electricity supplier may elect to receive competitive electric generation service directly from a retail electric provider. Requires an electricity supplier to do the following not later than June 30, 2028: (1) Unbundle the cost components of: (A) electric generation services; and (B) electric transmission and distribution services; in the electricity supplier's tariffs for all customer classes. (2) Functionally separate all: (A) electric generation and supply services; and (B) transmission and distribution services; within the electricity supplier's operations. (3) Divest the electricity supplier's generation assets not otherwise needed to provide default electric generation service to customers within the electricity supplier's service area after the implementation of competitive electric generation service. Provides that, except for the licensing requirements for retail electric providers set forth in the bill, competitive electric generation service is not subject to regulation by the Indiana utility regulatory commission (IURC). Provides that the IURC shall continue to regulate: (1) default electric generation service; and (2) transmission and distribution service; provided by an electricity supplier to customers within the electricity supplier's service area. Provides that rates charged by electricity suppliers for default electric generation service must be: (1) based on market prices; and (2) subject to annual comparisons to regional averages for comparable service. Provides that not later than January 1, 2027, the IURC shall initiate a stakeholder proceeding to develop a customer education program to ensure that all retail electric customers have access to accurate information about the availability of, and options for, competitive electric generation service in advance of the applicable dates set forth in the bill by which competitive electric generation service must be available to specified customer classes. Requires the IURC to establish, not later than March 1, 2028, an online portal that enables customers to compare competitive electric generation service offered by retail electric providers. Requires the IURC to establish by rule requirements for an electricity supplier to provide to a retail electric provider historical usage data for a customer that seeks to receive competitive electric generation service from the retail electric provider. Sets forth: (1) specified billing arrangements that must be offered to customers receiving competitive electric generation service; and (2) the dates by which each arrangement must be made available. Requires the IURC to issue a general administrative order to ensure that the following are available to customers not later than December 31, 2029: (1) An expedited process for residential customers to change retail electric providers. (2) A process that allows: (A) residential customers; or (B) small commercial or industrial customers; that move from one service location to another within their electricity supplier's service area to have their competitive electric generation service transferred directly to the new location. Requires the IURC to establish by rule a licensing process for retail electric providers that seek to provide competitive electric generation service to customers in Indiana. Sets forth certain requirements that a retail electric provider must meet as a condition of receiving and maintaining a license. Authorizes the IURC to initiate an investigation to consider, and establish guidelines for, the offering by retail electric providers of additional services or programs in conjunction with the provision of competitive electric generation service. Beginning in 2029, requires the IURC to include each year in its annual report specified information concerning the provision of competitive electric generation service by retail electric providers. Requires the legislative services agency to prepare legislation for introduction in the 2028 regular session of the general assembly to make conforming amendments to: (1) Title 8 of the Indiana Code; and (2) other provisions outside of Title 8 of the Indiana Code; as necessary to implement the bill's provisions.

Vulnerable road users. Requires the bureau of motor vehicles to suspend or revoke the current driver's license or driving privileges of an individual who is convicted of a moving traffic offense that causes the death of a vulnerable road user.

Various health matters. Prohibits a person from adding a chemical to a public water supply in certain circumstances. Defines "medical intervention" and provides that a person may not require an individual to accept, undergo, or engage in a medical intervention in or on the individual's body as a condition of employment, entrance, admission, compensation, benefits, or participation. Provides that a person may not take a punitive measure against an individual because the individual refused to accept, undergo, or engage in a medical intervention in or on the individual's body. Allows an individual who suffers bodily injury as a result of a violation of these provisions to file an action. Provides that a person who knowingly or intentionally causes bodily injury to another person by violating these provisions commits battery, a class B misdemeanor, enhanced to a level 5 felony if the offense constitutes a violation of the right to bodily integrity. Allows an individual to sell certain meat products from the individual's primary residence. Establishes various requirements for an individual to sell certain meat products from the individual's primary residence. Exempts a stand or another retail building used only for the sale of certain food products or meat products from the definition of a Class 1 structure. Provides that a student enrolled in a health profession education program may not be required to receive an immunization as a condition of: (1) participating in; or (2) obtaining; clinical training or clinical experience required by the program if receiving the immunization is against the student's conscience. Amends the information that the statewide child fatality review committee and statewide maternal mortality review committee must include in each committee's annual report. Provides that a physician may not be required to receive an immunization if receiving the immunization is against the physician's conscience. Provides that a health care provider, health care entity, and a health carrier may not be required to provide or refer an individual for a health care service that violates the conscience of the health care provider, health care entity, or health carrier. Establishes an exception for a health carrier. Specifies that a health care provider, health care entity, or a health carrier may not be subject to discrimination and certain other acts and liability for declining to provide the health care service. Establishes a civil action for a violation of these provisions. Provides that a person who prevails in a civil action is entitled to certain relief. Requires a licensed child care center, school, and person that operates a before or after school program to report the ingredients of each food product provided to a child or student. Requires the division of family resources and the department of education to publish the information on each agency's website. Allows a school corporation to contract with a health care provider, health system, or community partner to establish a school based health center (center). Sets forth requirements to establish a center. Provides that, notwithstanding state or federal law, a school may not conduct a physical or mental assessment or treatment of a student unless the physical or mental assessment or treatment is related to an illness or accident that occurred during school hours or on or near school property. Repeals certain superseded laws, including provisions concerning immunizations, communicable diseases, potentially disease transmitting offenses, quarantine, medical testing, disqualification for unemployment benefits, and COVID-19 immunization requirements. Makes conforming amendments.

Nursing matters; education programs. Requires the Indiana State Nurses Association, any time there is a vacancy or expiration of a term on the board of nursing, to recommend to the governor a list of qualified nurses for appointment. (Current law requires the Indiana State Nurses Association to recommend the list when there is a vacancy on the board.) Allows an institution that has been operating an eligible nursing program for at least five years to increase the enrollment in any eligible nursing program at any rate the institution considers appropriate.

Regional sewer districts. Specifies that a board of trustees of a regional water, sewage, or solid waste district (board) must notify the district authority in writing before taking certain actions. Provides that a trustee appointed to a board serves at the pleasure of the appointing authority. Prohibits a regional water, sewage, or solid waste district (district) created after June 30, 2026, from incurring any indebtedness without first obtaining the approval of the county fiscal body. Specifies that if a district created after June 30, 2026, contains territory in more than one county, the district must first obtain the approval of each county fiscal body in which the district contains territory before incurring any indebtedness. Establishes a timeline for the county fiscal body to approve or deny a district's request to incur indebtedness.

State income tax conformity. Amends the definition of "Internal Revenue Code" to conform with certain provisions enacted in Public Law 119-21 (H.R. 1) (commonly known as the One Big Beautiful Bill Act of 2025).

Child fatality information. Provides that the department of child services (department) shall disclose to the public certain information regarding child fatalities or near fatalities. Provides that, upon request, the department may provide additional information regarding cases of child fatalities or near fatalities subject to certain requirements. Makes technical and conforming changes.

Use of SNAP benefits. Prohibits Supplemental Nutrition Assistance Program (SNAP) benefits recipients from using SNAP benefits to purchase accessory foods, including: (1) energy drinks; (2) sweetened beverages; (3) soft drinks; (4) corn or potato chips; and (5) prepared desserts, including cookies, candy, ice cream, cakes, and pies. Allows SNAP recipients to purchase hot prepared chicken that is not fried or breaded using SNAP benefits. Requires the office of the secretary of family and social services to apply for a waiver or authorization to implement the prohibition and allowance if a waiver or authorization from a federal agency is required, and allows a delay in implementation until the waiver or authorization is received. Requires the Indiana department of health (department) to include promotion of healthy eating as part of the department's promotion of health and wellness activities, including by developing and making available materials that provide guidance on purchasing and preparing healthy foods on a limited budget.

Recognizing January as National Human Trafficking Prevention Month. A CONCURRENT RESOLUTION recognizing January as National Human Trafficking Prevention Month.

Celebrating the Golden Anniversary of the Indiana Youth Services Association. Celebrating the Golden Anniversary of the Indiana Youth Services Association.

County commissioner districts. Urges the legislative council to assign to an appropriate interim study committee the task of studying whether the county executive should implement certain processes with respect to establishing or revising districts.