I don't quite understand the legal text of the bill itself [2], but according to my reading, it seems like the bill will end DST across the entire US by shifting the standard time forward an hour, except in states/territories/area that currently doesn't enact DST, which they can choose to follow the new standard time or old standard time?

1: https://www.rubio.senate.gov/public/index.cfm/2021/3/rubio-colleagues-reintroduce-bill-to-make-daylight-saving-time-permanent 
2: https://www.rubio.senate.gov/public/_cache/files/d34c77c0-acea-4074-bc57-14da30292160/D1F8B2235CBDE4F1FCCCB6EC85586EAC.bag21164.pdf