The proposed bill aims to establish regulations regarding compensation for individuals advising veterans on benefits matters 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 benefits claims, guaranteeing specific benefits, or charging excessive fees. The bill defines key terms such as "compensation" and "veterans' benefits matter," and outlines the requirements for written agreements and disclosures that must be provided to individuals seeking such services.

Additionally, the bill sets forth specific limitations on compensation for those assisting veterans with initial claims, including restrictions on fees during a one-year presumptive period after active-duty release, and the prohibition of initial or nonrefundable fees. It also mandates background checks for individuals accessing veterans' personal information and clarifies that the regulations do not apply to accredited agents or attorneys. Violations of this section are classified as unlawful practices and are subject to civil penalties.