H.B. No. 4693 aims to enhance assistance for veterans seeking benefits by amending the Government Code and establishing new regulations regarding compensation for services related to veterans' benefit claims. The bill modifies Section 434.017(a) to expand the sources of funding for the veterans' assistance fund by adding new subsections (8) and (9), which include money deposited under Section 411.1741 and Section 434.456, respectively. Additionally, the bill introduces Subchapter J, which outlines definitions, requirements, and limitations for individuals providing assistance with veterans' benefit matters. It specifies that compensation can be received for preparing or advising on claims but prohibits charging initial fees and guarantees of successful outcomes.

Furthermore, the bill establishes a civil penalty for violations of the new regulations, with penalties not exceeding $500 for each violation, and mandates that the attorney general collect these penalties. The collected penalties will be deposited into the veterans' assistance fund. The provisions of this act are set to take effect on September 1, 2025, thereby providing a structured framework for ensuring that veterans receive appropriate support while safeguarding them from potential exploitation in the claims process.

Statutes affected:
Introduced: Government Code 434.017 (Government Code 434)