The bill establishes a framework for the Attorney General of Wyoming to defend the state's interests in the dual banking system, particularly against federal overreach that may negatively impact state-chartered banks. It recognizes the importance of Wyoming's innovative banking laws, which have attracted financial institutions and increased state revenue. The bill articulates the need for fair treatment of both state and nationally chartered banks, emphasizing that any regulatory actions should not be influenced by the origin of a bank's charter or other extraneous factors.

To facilitate this defense, the bill creates a new section in the Wyoming statutes, W.S. 13-1-901, which empowers the Attorney General to investigate claims of unlawful disparate treatment against Wyoming state-chartered banks by federal or other state regulators. The Attorney General is authorized to take necessary actions to ensure that Wyoming banks are treated equitably, similar to their nationally chartered counterparts. The act is set to take effect on July 1, 2025.