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 include additional sources of funding for the veterans' assistance fund, specifically adding provisions for money deposited under Section 411.1741 and Section 434.456. It introduces Subchapter J, which outlines definitions and regulations for individuals providing assistance with veterans benefit matters, including the stipulation that compensation can only be received for specific services and must be contingent on the increase of benefits awarded to veterans.

Furthermore, the bill establishes requirements and limitations on compensation, including the prohibition of initial fees and the necessity for written agreements detailing payment terms. It also addresses deceptive trade practices related to veterans' services and introduces a civil penalty for violations of the new regulations, with penalties not exceeding $500 per violation. The attorney general is tasked with enforcing these penalties, which will be deposited into the veterans' assistance fund. The provisions of this act are set to take effect on September 1, 2025.

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