The proposed bill aims to establish regulations regarding compensation for individuals advising on veterans' benefits in North Dakota. It introduces a new section to chapter 37-14 of the North Dakota Century Code, which prohibits individuals from receiving compensation for referring veterans to others for assistance with their benefits. The bill defines key terms such as "compensation" and "veterans' benefits matter," and outlines specific prohibitions, including the guarantee of benefits, excessive fees, and the use of international call centers for processing veterans' information.

Additionally, the bill mandates that any compensation agreements must be documented in writing, including a disclosure statement informing clients that the business is not affiliated with the U.S. Department of Veterans Affairs. It also sets limitations on compensation for services related to initial claims for benefits, including restrictions on fees and the requirement for background checks before accessing a veteran's personal information. Violations of these provisions would be considered unlawful practices, subject to civil penalties.