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TX SB3041

Bill

Status

Prefiled

N/A

Primary Sponsor

Paul Bettencourt

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Amends Section 39.06 of the Texas Penal Code to create tiered felony penalties for misuse of official information based on the amount of financial gain obtained

  • Third degree felony applies when net pecuniary gain is less than $150,000

  • Second degree felony applies when net pecuniary gain is $150,000 or more but less than $300,000

  • First degree felony applies when net pecuniary gain is $300,000 or more

  • Takes effect September 1, 2025, and applies only to offenses committed on or after that date

Legislative Description

Relating to increasing the criminal penalties for insider trading and other misuse of official information.

Financial

Last Action

Referred to Criminal Justice

4/8/2025

Committee Referrals

Criminal Justice4/8/2025

Full Bill Text

No bill text available