Establishes the 20-member Common Core State Standards Study Committee (Committee) to study the implementation of the Common Core State Standards and the short and long term educational, economic, and regulatory impact of those changes on our teachers, administrators, schools, parents, communities, and state. Specifies 25 issues to be considered by the Committee. Provides for Committee membership, compensation, and administration. Requires interim reports to the 2014 and 2015 General Assembly and requires a final report to the 2016 General Assembly, at which time the Committee terminates.