It's not 100% an outright drag ban, though there are a lot of valid concerns that the law could have a chilling effect on drag. The governor Bill Lee hasn't spoken extensively about this bill but he did sign it last week without a lot of fanfare. A performance would have to meet a pretty strong three-prong test, which basically says the average person would have to find it obscene and patently offensive to prevailing community standards. It must also lack serious literary, artistic, political and or scientific value for minors to be found harmful under the obsidianity code.