TX HB3804

Updates the definition of "deposit" in the Finance Code by changing a cross-reference from Chapter 151 to Chapter 152 regarding excluded obligations

Clarifies exemptions from acquisition approval requirements for controlling persons of state banks who were previously identified and approved by the banking commissioner, provided they have continuously held 25% or more voting power or controlled the bank since approval

Expands restrictions on banks under supervision by requiring prior approval for paying any dividend to shareholders, not just cash dividends as previously specified

Prohibits supervised banks from disposing of assets, lending or investing money, incurring debts, changing executive officers or directors, or engaging in activities threatening safety and soundness without banking commissioner or supervisor approval

Takes effect immediately if passed by two-thirds vote of both chambers, otherwise effective September 1, 2025; passed House 135-0 on April 30, 2025 and Senate 31-0 on May 25, 2025