The 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 charging fees 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 about their non-affiliation with the Department of Veterans Affairs and other organizations that may offer similar services for free.

The bill also amends existing law by adding a new paragraph to define violations related to the newly created section on veterans' benefits assistance as unlawful practices. It specifies that these regulations will apply to business relationships initiated on or after July 1, 2025, while ensuring that existing agreements prior to this date remain unaffected. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 40-12-105