The bill, introduced by Representative Horton, enacts R.S. 29:26.2, which establishes regulations regarding compensation for assistance with veterans benefits. It defines key terms such as "accredited agent or attorney," "compensation," and "veterans benefits matter." The legislation prohibits any individual, except for accredited agents or attorneys, from receiving compensation for assisting or referring others in obtaining veterans benefits. It also sets forth requirements for fee agreements, ensuring that any compensation received by accredited agents or attorneys is reasonable and documented in writing. Additionally, it specifies that no person may receive compensation for services rendered before a notice of disagreement is filed or for assisting with veterans pension matters.

Furthermore, the bill outlines various prohibitions, including guaranteeing specific veterans benefits and utilizing certain professionals or services that may compromise veterans' personal information. It mandates that individuals providing assistance must disclose their non-affiliation with the Department of Veterans Affairs and other organizations, both orally and in writing, at the start of their business relationship. Violations of these provisions are classified as deceptive trade practices under Louisiana's Unfair Trade Practices and Consumer Protection Law. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action.