Cheat Sheet: Everything you need to know about 'religious freedom' law

Once again, news and commentary on the "religious freedom" bill dominated headlines today. Here's what happened:

1. Gov. Pence signed the bill into law in a private ceremony.

"Today I signed the Religious Freedom Restoration Act, because I support the freedom of religion for every Hoosier of every faith," he said. He also claimed there has been "misinformation" about the law, a statement he elaborated on during a radio interview. He urged listeners to "read the bill instead of reading the papers" and blamed much of the controversy on the media.

When pressed by host Greg Garrison, the governor could not cite a particular case that necessitated the law.

2. Indianapolis faces possible economic repercussions to the law.

Salesforce, the tech company which purchased home-grown ExactTarget, swiftly issued a statement saying it was "canceling all programs that require our customers/employees to travel to Indiana to face discrimination." They also said they would "dramatically reduce [their] investment" in the state.

Other organizations failed to take such immediate action, but raised questions about the effects of the law:

• The NCAA, which will host the Final Four in Indianapolis in just over a week, expressed "concern" over the law and indicated it may impact future events in the city.
• Gen Con, Indy's largest convention, has threatened to reconsider its future events if the bill was signed. A smaller convention, that of the Disciples of Christ, has made similar statements.
• Star Trek alumni George Takei, who is openly gay, said that many Gen Con fans would "demand" the convention leave the state if the law was passed. He also encouraged his followers to #BoycottIndiana.

3. But what does it mean?

Now that the bill is officially law, what does that really mean for Hoosiers? Legal experts suggest the effects won't be as far-reaching as either side believes. Some supporters of the measure have downplayed its ramifications, noting that other states have similar laws. However, there is one key difference: In other states, the law applies to individuals only. In Indiana, the protection is extended to businesses as well.

4. What are people saying about it?

Local leaders shared a variety of opinions on the issue, ranging from "This is a sad day to Indiana" to "It's the right thing to do." Other celebrities -- some local, some not -- also spoke up. Everyone from John Green to Pat McAfee to Miley Cyrus weighed in. Columnist Tim Swarens lamented the lack of empathy and understanding from both sides.

5. And everything else.

There was non-RFRA news today. Here are the highlights:

• Agents busted the largest drug ring in the city's history. They seized more than 25 kilos of cocaine and more than 10 kilos of heroin, to say nothing of the millions of dollars in cash.
• Gov. Pence approved an emergency needle-share program to attempt to stem an HIV epidemic in southern Indiana caused by intravenous drug use.
• More free concerts were announced for the Final Four today. Some pretty cool people are coming.
• We caught up with Damon Bailey 25 years after his iconic state finals win. He remains a Hoosier hero to many.