Enrolled Bill Summary

House Bill 2040 amends the Government Code to authorize the attorney general's office, the Texas Department of Insurance, the Texas State Board of Public Accountancy, the Public Utility Commission of Texas, and the State Securities Board to share confidential or restricted information for investigative purposes relating to the possible commission of corporate fraud by a person who is licensed or regulated by one of the five agencies. Sharing may occur at the initiative of one agency or the request of another. The bill contains provisions relating to the confidentiality and security of the information and limitations on its disclosure.