Veterans Benefits and Pensions Protection Act of 2003

Veterans Benefits and Pensions Protection Act of 2003 - Includes as a prohibited assignment of veterans' benefits any agreement entered into by a beneficiary under which another person acquires for consideration the right to receive any compensation, pension, or dependency and indemnity compensation of such beneficiary. Provides criminal penalties for violations.

Directs the Secretary of Veterans Affairs to conduct an outreach program to inform veterans and other potential recipients of such compensation or pension of the prohibition against the assignment of such benefits, including information on various schemes to evade the prohibition and means of avoiding such schemes.