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 other than an accredited agent or attorney from receiving compensation for assisting with veterans benefits or referring individuals for such assistance. It also sets forth requirements for fee agreements, ensuring that fees charged by accredited agents or attorneys are reasonable and documented in writing. Additionally, the bill outlines specific actions that are prohibited, such as guaranteeing specific benefits or utilizing certain medical professionals for secondary exams.

Furthermore, the bill mandates that individuals providing assistance with veterans benefits must disclose, both orally and in writing, that their services are not affiliated with the United States Department of Veterans Affairs or other veterans service organizations. This disclosure must be clear and visible in any advertising related to veterans benefits services. 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.