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 outlines the responsibilities of social media companies to verify parental consent and provides a framework for the attorney general to create rules governing the consent process and the verification methods.

Furthermore, the bill empowers the attorney general to enforce compliance with these regulations and pursue remedies under the Wyoming Consumer Protection Act against any social media company that fails to adhere to the new requirements. The act is set to take effect immediately upon completion of the necessary legislative processes, with specific provisions in Section 1 becoming effective on July 1, 2025.