The proposed bill, known as the Safeguarding American Veteran Empowerment (SAVE) Act, aims to regulate third-party assistance for veterans' claims by prohibiting certain practices and establishing guidelines for compensation and disclosures. Specifically, the bill prohibits any person from receiving compensation for referring individuals to veterans' benefits advisors and mandates that any compensation for advisory services must be contingent upon an increase in benefits awarded, with a cap of five times the monthly increase. Additionally, it requires that a written agreement detailing the terms of compensation be signed by both parties before any services are rendered. The bill also stipulates that no initial or nonrefundable fees may be charged, and it prohibits guarantees of successful outcomes in veterans' benefits claims.

Furthermore, the bill includes specific disclosure requirements for businesses providing paid advisory services, ensuring that clients are informed that these services are not affiliated with the Department of Veterans Affairs and that free services may be available elsewhere. Violations of these provisions are classified as unfair or deceptive practices, subjecting offenders to civil penalties determined by the district court, with restitution directed to harmed veterans. The act is set to take effect on January 1, 2026, and aims to enhance the protection of veterans seeking assistance with their benefits claims.