SPRINGFIELD – To protect our nation’s veterans from predatory business practices, State Senator Mike Porfirio has advanced legislation aimed at combating “claim sharks” who target veterans by offering veteran and military benefit services in exchange for financial compensation.
“Our veterans have sacrificed greatly for our country, and it is our duty to ensure they are protected from crooked practices,” said Porfirio (D-Lyons Township). “This bill will not only hold claim sharks accountable, but it will also establish a framework that promotes transparency, empowering veterans with the knowledge they need to make informed decisions about their benefits.”
Senate Bill 3479 aims to combat claim sharks who target veterans in their deceptive business practices by ensuring transparency regarding these businesses lack of VA accreditation. Some of their predatory practices include guaranteeing an increased disability rating or percentage increase, advertising expedited VA claims decisions, requesting login credentials to access a veteran’s personal information through secure VA websites and more.
Through this measure, veterans will be better informed about the services offered to them, reducing the risk of misleading or fraudulent advice. The goal is to provide veterans with an avenue of recourse against these deceptive practices and establish a more secure environment when seeking assistance related to their veteran or military benefits.
“The lack of accreditation allows some individuals to operate without following professional and ethical standards, putting veterans at risk,” said Porfirio. “This measure sets a standard, requiring clear disclosures that will help veterans distinguish between credible assistance and misleading practices.”
SB 3479 passed the Senate Judiciary Committee on Tuesday and heads to the Senate floor for further consideration.