The bill establishes a framework for the Attorney General of Wyoming to defend the state's interests in the dual banking system, particularly in response to federal overreach or abuse of authority that negatively impacts state-chartered banks. It emphasizes the importance of a dual banking system, which has historically allowed states to cater to the banking needs of their citizens and foster innovation within the industry. The bill articulates the state's commitment to ensuring that Wyoming's banking laws are respected and that state-chartered banks are treated equitably by regulatory authorities.

To facilitate this, the bill creates a new section in the Wyoming statutes, W.S. 13-1-901, which grants the Attorney General the authority to investigate claims of unlawful disparate treatment against Wyoming state-chartered banks and to take necessary actions to protect their interests. The bill underscores the need for fair treatment of all banks, regardless of their charter origin, and aims to safeguard the state's innovative banking laws from being undermined by external regulatory pressures. The act is set to take effect on July 1, 2025.