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TexasHB 380689th Legislature Regular SessionHouse

Relating to prohibited activities of a state trust company under supervision.

Sponsored By: Stan Lambert, Judith Zaffirini (Democratic)

Signed by Governor

Financial--GeneralProperty Interests--TrustsBANKING COMMISSIONER OF TEXAS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Supervised Texas trust companies face tighter limits

Beginning September 1, 2025, Texas state trust companies face these limits only while under supervision. They cannot sell, transfer, dispose of, or place claims on company assets; lend or invest funds; or take on debts or other obligations. They also cannot pay cash dividends to shareholders or participants, or seek or accept new client accounts. They cannot remove executive officers or directors, change their numbers, or make other changes to those positions. Activities the banking commissioner finds threatening to the company's financial safety are also barred. These rules allow advance approval from the banking commissioner or supervisor, and the supervision order can permit or restrict activities.

Sponsors & Cosponsors

Sponsors

  • Stan Lambert

    House

  • Judith Zaffirini

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 294 • No: 0

Senate vote • 5/25/2025

Record vote

Yes: 0 • No: 0

Senate vote • 5/25/2025

Record vote

Yes: 0 • No: 0

House vote • 4/30/2025

Record vote

Yes: 131 • No: 0

House vote • 4/29/2025

Record vote

Yes: 144 • No: 0

House vote • Unknown

Committee vote: Pensions, Investments & Financial Services

Yes: 8 • No: 0

Senate vote • Unknown

Committee vote: Business & Commerce

Yes: 11 • No: 0

Actions Timeline

  1. Effective on 9/1/25

    6/20/2025House

  2. Signed by the Governor

    6/20/2025House

  3. Sent to the Governor

    5/28/2025House

  4. Signed in the Senate

    5/27/2025Senate

  5. Signed in the House

    5/27/2025House

  6. Reported enrolled

    5/26/2025House

  7. Senate passage reported

    5/25/2025House

  8. Record vote

    5/25/2025Senate

  9. Passed

    5/25/2025Senate

  10. Read 3rd time

    5/25/2025Senate

  11. Record vote

    5/25/2025Senate

  12. Three day rule suspended

    5/25/2025Senate

  13. Vote recorded in Journal

    5/25/2025Senate

  14. Read 2nd time & passed to 3rd reading

    5/25/2025Senate

  15. Laid before the Senate

    5/25/2025Senate

  16. Placed on local & uncontested calendar

    5/25/2025Senate

  17. Committee report printed and distributed

    5/15/2025Senate

  18. Recommended for local & uncontested calendar

    5/15/2025Senate

  19. Reported favorably w/o amendments

    5/15/2025Senate

  20. Vote taken in committee

    5/15/2025Senate

  21. Considered in public hearing

    5/15/2025Senate

  22. Left pending in committee

    5/13/2025Senate

  23. Considered in public hearing

    5/13/2025Senate

  24. Scheduled for public hearing on . . .

    5/13/2025Senate

  25. Referred to Business & Commerce

    5/1/2025Senate

Bill Text

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