The proposed bill establishes regulations regarding compensation for advising or assisting individuals with veterans' benefits matters in Wyoming. It prohibits any person from receiving compensation for such services unless permitted under federal law. Key provisions include the requirement for a written agreement detailing payment terms, restrictions on receiving compensation before a notice of disagreement is filed, and prohibitions against guaranteeing specific benefits or charging excessive fees. Additionally, service providers must provide a clear disclosure to clients regarding their affiliation with veterans' organizations and the availability of free services from other entities.

The bill also amends existing law by adding a new paragraph to the list of unlawful practices, specifically making it a deceptive trade practice to violate the newly established regulations on veterans' benefits assistance. The act is set to take effect on July 1, 2025, and will apply to business relationships initiated on or after that date, while not affecting existing agreements made prior to this date.

Statutes affected:
Introduced: 40-12-105