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 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 federal veterans' organizations and the availability of free services from other agencies.

The bill also amends existing law by adding a new paragraph to define violations related to the newly created section on veterans' benefits. Specifically, it states that violating the provisions of the new section constitutes an unlawful practice under Wyoming's deceptive trade practices law. 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