This bill establishes a new section in Wyoming law that empowers the attorney general to defend the state's interests in the dual banking system. It articulates the legislature's findings regarding the importance of a dual banking system, which has been in place since the National Banking Act of 1863. The bill emphasizes the need for fair treatment of both state and nationally chartered banks, highlighting Wyoming's commitment to ensuring that its state-chartered banks are not subjected to unfair regulatory practices by federal or other state authorities.

Under the provisions of the bill, the attorney general is tasked with investigating any claims of disparate treatment against Wyoming state-chartered banks and is authorized to take necessary actions to protect these banks' interests. The bill aims to ensure that Wyoming's innovative banking laws are respected and that state-chartered banks receive equitable treatment comparable to their nationally chartered counterparts. The act is set to take effect on July 1, 2025.