This bill introduces new provisions to regulate the collection of fees related to veterans benefits matters in South Dakota. It explicitly prohibits individuals from receiving any form of financial compensation for preparing, presenting, or assisting with veterans benefits claims before the relevant federal and state departments, unless permitted by federal law. Additionally, it forbids the collection of fees for referring individuals to others for similar assistance. The bill clarifies that attorneys may still divide fees in accordance with state laws and professional conduct rules, and establishes that violations of these provisions will be considered deceptive trade practices.

Furthermore, the bill defines "veterans benefits matter" to encompass any claims related to benefits, programs, or services administered by the United States Department of Veterans Affairs, the United States Department of Defense, or the South Dakota Department of Veterans Affairs. This comprehensive approach aims to protect veterans and their dependents from improper financial practices while seeking assistance with their benefits.