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 a compensated individual who is not directly employed or managed by the business entity for which they are filing. The bill mandates that any third-party filer who files ten or more documents in a calendar year must register with the Secretary of State, providing personal and business information, along with a notarized application. A registration fee, not exceeding $50, will be charged to cover administrative costs, and failure to register may result in a civil penalty of up to $500 for each violation.

Additionally, the bill includes provisions for the confidentiality of third-party filer registration records, which can only be released under specific circumstances, such as a court order or law enforcement request. The Secretary of State is tasked with creating necessary rules and forms to implement the act, and an appropriation of $150,000 is allocated from the general fund to develop the required filing system. The act is set to take effect on January 1, 2026, with certain sections becoming effective immediately upon the bill's passage.