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House Bill 1664 |
House Author: Villarreal |
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Effective: 6-14-13 |
Senate Sponsor: Carona |
House Bill 1664 amends Finance Code provisions relating to the regulation of banks, trust companies, and bank holding companies to make technical corrections; to clarify the powers of state-chartered banks and trust companies and the regulatory authority of the Texas Department of Banking and the banking commissioner of Texas; and to harmonize state law with revised federal statutes relating to interstate merger, branching, and host state authority. Among other provisions, the bill grants the commissioner authority to subpoena witnesses and require and compel through subpoena the production of documents. If a person refuses to comply with the subpoena, the commissioner may apply for enforcement by a Travis County district court.