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 United States Department of Veterans Affairs, the United States Department of Defense, or the South Dakota Department of Veterans Affairs, unless permitted under federal law. Additionally, it forbids the collection of fees for referring individuals to others for similar assistance.

The bill clarifies that the division of fees between attorneys is permissible if it complies with state laws and the South Dakota Rules of Professional Conduct. Violations of these provisions are classified as deceptive trade practices, and the bill defines "veterans benefits matter" to encompass any claims related to benefits for veterans and their dependents.