This bill isn't really to do studies. It's to force DOT and MPOs to actually implement policies based on what we already know. This is using those past studies to actually do something. This looks broadly good (but maybe other people know state gov better could chime in). This is the meat of the bill:
No metropolitan planning organization shall approve a Regional Transportation Plan or Transportation Improvement Program developed pursuant to 23 CFR Part 450, and the department shall not approve a Statewide Transportation Improvement Program, unless the plan or program, including any mitigation measures interlinked to individual projects within the plan or program, provides a reasonable pathway to compliance with the greenhouse gas emissions sublimits for the transportation set pursuant to section 3A of chapter 21N and to the statewide vehicles miles traveled reduction goals established by the secretary pursuant to section 81 of this chapter.
My reading of this was that it is focused on transportation policy/planning, not land use or tax policy, where a huge amount of the possible VMT reduction is hiding.