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TX SB3041
Bill
Status
Prefiled
N/A
Primary Sponsor
Paul Bettencourt
Click for details
AI Summary
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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
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Third degree felony applies when net pecuniary gain is less than $150,000
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Second degree felony applies when net pecuniary gain is $150,000 or more but less than $300,000
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First degree felony applies when net pecuniary gain is $300,000 or more
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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