First, it stipulated how medals and military decorations from before 1945 should be handled (including those from the days of the Weimar Republic, which had been influenced by laws in 1933 and 1937 under the government of Nazi Germany).
The last person to receive a Ehrensold was Ernst Jünger, the last living holder of the military class of the Pour le Mérite until his death in 1998.
The law outlines numerous stipulations and rulings on regulations for previously conferred medals and military decorations.
In practice the law conforms to German criminal code, particularly § 86a, which forbids distribution or public display of Nazi symbolism without historical or academic cause.
[1] Accompanying the law, the German Ministry of the Interior released a supplement depicting the altered forms of awards from the period covered by 1934 to 1945.