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Texas Legislation

Texas Asset-Building Legislation- 2017

The 85th regular session of the Texas Legislature is over. We closely monitored the following asset-building bills as they moved through both the House of Representatives and the Senate.

Bills Approved By Texas Legislature

SIGNED BY GOVERNOR

SB 377
 Sen. Perry 
Related to the Texas Achieving a Better Life Experience (ABLE) Program. 
05/29/2017 Signed by the Governor and effective immediately

HB 2008
 Rep. Cosper
Relating to deferred presentment transactions made to military borrowers. 
06/15/2017 Signed by the Governor and will go into effect on 9/1/2017

SIGNED BY GOVERNOR & NEEDING VOTER APPROVAL


HB 471
 Rep. E. Johnson 
Relating to authorizing a credit union or other financial institution to conduct savings promotion raffles. 
06/15/2017 Signed by the Governor and will be effective on the adoption of constitutional amendment (HJR 37)

House Joint Resolution (HJR) 37 Rep. E. Johnson 
Proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
05/24/2017 Filed with the Secretary of State

Savings Programs and Post-Secondary Education/College Access

SB 2182 Sen. Menendez
Relating to measures to increase participation in state programs relating to saving money or prepaying for college. 03/29/2017 Referred to Higher Education

HB 2331 Rep. Dukes
Relating to a pilot program to increase the financial independence of foster children who are transitioning to independent living.
05/12/2017 Reported favorably without amendment(s) in the Human Services Committee and sent to Local & Consent Calendar.

HB 3601 Rep. Alonzo
Relating to the creation of a state-administered retirement plan.
04/24/2017 Considered in a public hearing in the House Pensions Committee and bill was left pending

Payday, Auto Title, and Consumer Loans Regulations

HB 1134 Rep. Craddick
Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; increasing a criminal penalty.
04/25/2017 Considered in a public hearing i the Investments & Financial Services Committee, and bill was left pending.

HB 197 Rep. Bernal
Relating to contracts and other documents issued by credit access businesses.
02/14/2017 Referred to Investments & Financial Services Committee

HB 741 Rep. Bernal
Relating to the affordability of extension of consumer credit. 04/25/2017 Committee substitute bill considered in a public hearing in the Investments & Financial Services Committee, and bill was left pending.

HB 975 Rep. Giddings
Relating to the threat or pursuit of criminal charges against a consumer in association with certain extensions of consumer credit; providing a civil penalty.
05/09/2017 Committee substitute bill passed favorably out of committee as substituted, and was sent to Calendars.

HB 877 Rep. Turner
Relating to prohibiting certain telemarketing calls by a credit access business.
04/25/2017 Placed on the General State Calendar but failed to pass to engrossment. 

SB 836 Sen. Rodriguez
Relating to a contract or other agreement between certain governmental entities and a credit services organization or related business.
02/27/2017 Referred to Business & Commerce Committee

HB 1733 Rep. Uresti
Relating to the maximum permitted sum of fees, interest, and other amounts due under certain extensions of consumer credit.
03/06/2017 Referred to Investments & Financial Services Committee

HB 60 Rep. Romero
Relating to requiring a credit access business to verify the vehicle identification number used to obtain a motor vehicle title loan.
02/13/2017 Referred to Investments & Financial Services Committee

HB 153 Rep. Schaefer
Relating to the authority of a municipality to regulate occupations.
02/15/2017 Referred to Urban Affairs Committee

HB 3448 Rep. Longoria
Relating to single premium term life insurance offered in connection with certain consumer loans.
05/11/2017 Bill was placed on the General State Calendar.

HB 3419 Rep. Lucio III
Relating to increasing the maximum reference base amount for certain consumer loans.
05/05/2017 Committee substitute bill passed favorably as substituted out of the Investments and Financial Services Committee and sent to the Calendars Committee. 

SB 1121 Sen. Garcia
Relating to the presumption of intent in the prosecution of certain criminal cases involving theft by check or issuance of a bad check.
03/07/2017 Referred to Criminal Justice Committee

SB 1155 Sen. Menendez
Relating to fees paid to certain credit services organizations in comection with certain extensions of consumer credit.
03/09/2017 Referred to Business & Commerce Committee

HB 3508 Rep. Neave
Relating to a contract or other agreement between certain governmental entities and a credit services organization or related business.
04/25/2017 Considered in a public hearing in the Investments & Financial Services Committee and bill was left pending.

HB 3947 Rep. Laubenberg
Relating to judicial review of certain regulations that apply to state licensees.
04/11/2017 Considered in a public hearing in the Judiciary & Civil Jurisprudence Committee, and bill was left pending.

SB 2178 Sen. Huffines
Relating to judicial review of certain regulations that apply to state licensees.
04/25/2017 Considered in a public hearing in the Business & Commerce Committee, and bill was left pending.


Potential Pre-emption including Payday and Auto Title Local Ordinances

HB 3081 Rep. Capriglione
Relating to the regulation of persons and business activities subject to regulation by certain finance agencies.
05/01/2017 Reported favorably without amendment(s) out of the Investments & Financial Services Committee, and bill was sent to Calendars.

SB 1530 Sen. Estes
Relating to the regulation of persons and business activities subject to regulation by certain finance agencies.
04/25/2017 Considered in a public hearing in the Business & Commerce Committee, and bill was left pending.

Financial Education, Financial Accounts and Related Services

HB 4096 Rep. Klick
Relating to improving the care of, and increasing opportunities for, children and adolescents with physical and developmental disabilities.
04/03/2017 Referred to Human Services Committee

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