The 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. These filers must register with the Secretary of State after submitting ten documents in a calendar year, and any further filings will be rejected unless they are registered. The registration process includes submitting a notarized application with personal and business information, along with a valid state-issued identification. A filing fee, not exceeding $50, will be charged to cover the administrative costs associated with this registration.

Additionally, the bill allows the Secretary of State to impose civil penalties for violations of the registration requirement and mandates that the registration records remain confidential, only to be released under specific legal circumstances. The Secretary of State is also tasked with creating necessary rules and forms to implement the act. An appropriation of $150,000 from the general fund is allocated to develop the filing system required for this new process, with the intent that these funds will not be included in the Secretary of State's standard budget for the following fiscal biennium. The act is set to take effect on January 1, 2026, with certain sections becoming effective immediately upon the bill's passage.