TO PROHIBIT A PERSON FROM RECEIVING COMPENSATION FOR THE PREPARATION, PRESENTATION, OR PROSECUTION OF A CLAIM WITH REGARD TO A VETERANS' BENEFITS MATTER EXCEPT AS AUTHORIZED BY FEDERAL LAW.

HB 1423, also known as the "Governing Unaccredited Representatives Defrauding (GUARD) VA Benefits Act," prohibits individuals and entities from receiving compensation for helping veterans with their benefits claims. Specifically, it disallows payment for preparing, presenting, or advising on veterans' benefits matters, unless such compensation is explicitly authorized by federal law (Title 38 U.S.C. § 5904 and 38 C.F.R. § 14.629). The bill also prohibits receiving compensation for referring individuals to these services. Any person receiving authorized compensation must adhere to the same ethical standards as attorneys under Arkansas's Rules of Professional Conduct. Violations of this act are deemed a deceptive trade practice and a Class A misdemeanor.