TLDR: The bill doesn't ban theoretical models, it gates them behind an intro course that cannot be itself based in theoretics.
The bill only applies the restrictions to general ("open") courses, and only applies to courses who's curriculum is solely based in theoretics.
IE, in an intro Phys course you can cover theoretical models as part of the general curriculum because the entire cuticular model is not based in them. It can be a unit, but it can't be the course.
Courses based entirely on theoretical models aren't banned above the general level. Theory-based courses are allowed, but only above the general-tier.
That being said, some better language around how the bill determines what is and is not 'theoretical' would be interesting.