The proposed legislation, General Assembly Raised Bill No. 5381, aims to establish a "funeral service compensation account" to provide financial assistance to victims of unlawful funeral service practices. This account will be a separate, nonlapsing fund that will include state appropriations, legally required deposits, and any donations made for this purpose. The State Treasurer will oversee the account, and the Department of Consumer Protection will utilize the funds to issue grants to eligible victims, with the Commissioner of Consumer Protection responsible for setting the grant requirements and processes by January 1, 2027. The bill also allows the Commissioner to retain up to two percent of the account's balance for administrative costs.

Additionally, the bill appropriates one million dollars from the General Fund to the Department of Consumer Protection for the fiscal year ending June 30, 2027, specifically for issuing these grants. The act is set to take effect on July 1, 2026, and introduces new sections to the law without any deletions from existing statutes. The primary purpose of this legislation is to ensure that victims of fraudulent funeral practices receive the necessary compensation and support.