A June decision from the Indiana Supreme Court struck down a 2005 ban from the Department of Natural Resources. Now, the industry is virtually unregulated.
The amended bill would only allow deer from Indiana to be used in preserves.
The battle over whether high fence deer preserves should be allowed to operate in Indiana has been going on since the mid-2000s.
The Indiana Department of Natural Resources tried to shut down captive hunts, but operators filed a lawsuit in response that is still pending.
No diseased deer have been found in Indiana, but the DNR still urges residents to be on the lookout for deer with yellow tags.
The call is due to farm-raised deer that escaped from a captive cervid facility whose owner is cooperating with DNR.