This bill establishes a new requirement for third-party filers who submit documents to the Secretary of State on behalf of business entities in Wyoming. A "third-party filer" is defined as an individual who is compensated for filing documents and is not directly associated with the business entity they represent. Once a third-party filer submits ten documents in a calendar year, they must register with the Secretary of State to continue filing. The registration process includes submitting a notarized application with personal and business information, along with a fee not exceeding $50. Additionally, the Secretary of State is authorized to impose civil penalties of up to $500 for violations related to registration.

The bill also mandates that the Secretary of State maintain the confidentiality of third-party filer registration records, releasing them only under specific legal circumstances. Furthermore, the Secretary of State is tasked with creating necessary rules and forms to implement the act. The effective date for the act is set for July 1, 2025, with certain sections becoming effective immediately upon the bill's passage.