The proposed bill, known as the "Governing Unaccredited Representatives Defrauding (GUARD) VA Benefits Act," aims to prohibit individuals from receiving compensation for the preparation, presentation, or prosecution of claims related to veterans' benefits, unless authorized by federal law. The bill introduces a new subchapter to the Arkansas Code, which outlines the purpose of preventing unethical conduct and improper fee collection by those assisting individuals with claims for disability benefits before the Department of Veterans Affairs. It defines key terms such as "compensation," "person," and "veterans' benefits matter" to clarify the scope of the legislation.

Additionally, the bill establishes that individuals who receive compensation for assisting with veterans' benefits claims must adhere to the same ethical standards as attorneys under the Arkansas Rules of Professional Conduct. This includes regulations on advertising, client solicitation, and confidentiality. Violations of this section are classified as deceptive and unfair trade practices, constituting a Class A misdemeanor under the Deceptive Trade Practices Act. The bill emphasizes the importance of protecting veterans from potential exploitation by unaccredited representatives.