The bill establishes a new requirement for "third-party filers," defined as individuals who receive compensation to file documents with the Secretary of State on behalf of business entities, to register with the Secretary of State after filing ten documents in a calendar year. The bill outlines the registration process, which includes submitting a notarized application with personal and business information, as well as a valid state-issued identification. A registration fee, not exceeding $50, will be charged to cover administrative costs, and the Secretary of State is authorized to impose civil penalties of up to $500 for violations related to unregistered filings. Additionally, the bill mandates that the Secretary of State keep third-party filer registration records confidential, with limited exceptions for law enforcement or court orders.

To support the implementation of this act, the bill appropriates $100,000 from the general fund to the Secretary of State for developing the necessary filing system, with specific stipulations regarding the use and reversion of these funds. The act is set to take effect on January 1, 2026, with certain sections becoming effective immediately upon the bill's passage. The Secretary of State is also tasked with promulgating rules and forms to facilitate the registration process for third-party filers.