All Roll Calls
Yes: 363 • No: 0
TexasHB 380589th Legislature Regular SessionHouse
Relating to certain enforcement powers of the banking commissioner regarding the regulation of money services businesses.
Sponsored By: Nathan Johnson (Democratic), Stan Lambert
Signed by Governor
Business & Commerce--GeneralCrimes--MiscellaneousFinancial--GeneralOccupational Regulation--Other Trades & ProfessionsBANKING COMMISSIONER OF TEXAS
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Barred participants can seek release
People under money services removal or prohibition orders can ask for release 10 years after the order was issued. This applies regardless of the order’s length or when it was issued. Applicants must apply under oath, use the commissioner’s required form, and pay any required fees. The commissioner can approve or deny release. That decision is final and cannot be appealed.
New bans for money services misconduct
The Texas banking commissioner gains powers to protect customers by removing or banning people involved in money services businesses. These powers cover current and former key staff, employees, controlling owners, and other participants. Bans can also block participation in other businesses regulated by the commissioner. Misconduct grounds include specified legal violations, breaking final regulatory orders, and making false business records. The conduct must cause or threaten financial harm, harm protected interests, or produce an actual or likely financial benefit. It must also show personal dishonesty or willful or continuing disregard for the business’s safety or soundness. Misconduct orders can last for a set time or forever, allow probation, or include conditions. A person must request a hearing in writing before the proposed order takes effect; otherwise, it becomes final without appeal. Separate felony-based orders take effect when served, with 30 days to request a hearing in writing. Those orders require a final felony case involving money services, dishonesty, or breach of trust, including qualifying probation or deferred court outcomes. They remain in force unless stayed, ended, set aside, or vacated.
Sponsors & Cosponsors
Sponsors
Nathan Johnson
Democratic • Senate
Stan Lambert
House
Cosponsors
Royce West
Democratic • Senate
Roll Call Votes
Senate vote • 5/19/2025
Record vote
Yes: 31 • No: 0
Senate vote • 5/19/2025
Record vote
Yes: 31 • No: 0
House vote • 4/30/2025
Record vote
Yes: 135 • No: 0
House vote • 4/29/2025
Record vote
Yes: 146 • No: 0
Senate vote • Unknown
Committee vote: Business & Commerce
Yes: 11 • No: 0
House vote • Unknown
Committee vote: Pensions, Investments & Financial Services
Yes: 9 • No: 0
Actions Timeline
Effective immediately
6/20/2025HouseSigned by the Governor
6/20/2025HouseSent to the Governor
5/22/2025HouseSigned in the Senate
5/21/2025SenateSigned in the House
5/21/2025HouseReported enrolled
5/20/2025HouseSenate passage reported
5/20/2025HouseRecord vote
5/19/2025SenatePassed
5/19/2025SenateRead 3rd time
5/19/2025SenateRecord vote
5/19/2025SenateThree day rule suspended
5/19/2025SenateVote recorded in Journal
5/19/2025SenateRead 2nd time & passed to 3rd reading
5/19/2025SenateRules suspended-Regular order of business
5/19/2025SenatePlaced on intent calendar
5/19/2025SenateCo-sponsor authorized
5/19/2025SenateCommittee report printed and distributed
5/15/2025SenateRecommended for local & uncontested calendar
5/15/2025SenateReported favorably w/o amendments
5/15/2025SenateVote taken in committee
5/15/2025SenateConsidered in public hearing
5/15/2025SenateLeft pending in committee
5/13/2025SenateConsidered in public hearing
5/13/2025SenateScheduled for public hearing on . . .
5/13/2025Senate
Bill Text
Engrossed
Enrolled
House Committee Report
Introduced
Senate Committee Report
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