The proposed bill establishes regulations for social media platforms in Wyoming, specifically requiring parental consent for minors under the age of eighteen to create accounts. It introduces definitions for key terms such as "account holder," "minor," "social media company," and "social media platform." The bill mandates that social media companies must obtain express consent from a minor's parent or guardian before allowing the minor to become an account holder. Additionally, it requires these companies to deny access to their platforms for any account holder who does not meet the verification requirements for parental consent.

Furthermore, the bill empowers the attorney general to create rules governing the process for obtaining parental consent, verifying its authenticity, and allowing parents or guardians to revoke consent. It also provides the attorney general with the authority to pursue remedies under the Wyoming Consumer Protection Act against non-compliant social media companies. The act is set to take effect immediately upon completion of legislative procedures, with specific provisions becoming effective on July 1, 2025.