This bill aims to establish protections for veterans seeking assistance with veterans' benefit matters in South Dakota. It introduces several new sections to chapter 33A-2, defining key terms such as "compensation" and "veterans benefits matter." The bill mandates that individuals providing services related to veterans' benefits must disclose the terms of their services and compensation in a written agreement, which must be signed by both parties. Additionally, the service provider must inform the individual that they are not affiliated with the United States Department of Veterans Affairs or other veterans' organizations, and that free services may be available from other organizations.

Furthermore, the bill prohibits service providers from charging initial or nonrefundable fees, guaranteeing outcomes, or receiving compensation for claims filed within one year of active duty release unless a waiver is signed. It also requires background checks for those accessing veterans' medical or financial information and allows the attorney general to impose civil penalties for violations of these provisions. Importantly, the bill clarifies that it does not alter the requirements for agents or attorneys accredited by the United States Department of Veterans Affairs.