The bill authorizes the Wyoming Game and Fish Commission to regulate commercially guided fishing boats to enhance the quality of the fishing experience and protect aquatic resources. It establishes a new section, W.S. 23-3-206, which allows the commission to set limits on the number of these boats launching into rivers or lakes. If limits are set, the commission is required to create rules for the registration and tracking of these boats, which includes holding public meetings in affected communities. Each commercially guided fishing boat, along with the vehicles and trailers operated by outfitters or professional fishing guides, must be registered and display a registration sticker.

Additionally, the bill provides definitions for key terms such as "commercially guided fishing boat," "fishing guide services," and "outfitter or professional fishing guide." It clarifies that these terms pertain to individuals or entities providing fishing services for financial gain, excluding those who lend equipment for personal use. The act is set to take effect on July 1, 2024.