Establishes a seven-member Committee, with two members appointed by the Speaker of the House of Representatives, as specified, two appointed by the President Pro Tempore of the Senate, as specified, and three appointed by the Governor. Charges the Committee with studying and making recommendations on adjusting the State's current travel allowances for State officers, employees, teachers, and members of boards, commissions, and the NCGA. Sets out items that must be considered as a part of the study. Requires the first meeting to be called by the Governor no later than 30 days after the effective date of this act, at which time a Chair is appointed. Allows for the establishment of subcommittees. Requires a report to the specified NCGA commission by March 15, 2026. Terminates the Committee upon the earlier of the submission of its report or March 15, 2026.