This proposed law is targeting at contraception only and the federal required all insurance companies to cover the contraception, not directly to businesses, but insurance have to pay for those. Hobby Lobby is business, not religious organization and they don't have rights to defy the regulation. They have to offer the coverage and still fighting in the court, so only court makes final decsion about whatever regulation should be enforced or not.
I'm unpleasant with Texas to use taxpayer's expense to reward the businesses for defy the federal regulation and agreed with businesses based on religious belief - especially contraception.
It is unconstitutional at overall.