Enrolled Bill Summary

Senate Bill 1823	Senate Author:  Campbell
Effective:  9-1-19	House Sponsor:  Murphy

            Senate Bill 1823 amends the Finance Code to prohibit the disclosure of certain information regarding investigatory subpoenas issued by the banking commissioner and to set out certain exceptions to that prohibition. Among other provisions, the bill expands the definition of "third‑party service provider," subjects a third‑party service provider refusing to submit to examination by the banking commissioner or to pay an assessed fee for an examination to an enforcement action under the Texas Banking Act or Texas Trust Company Act, and sets out the conditions under which a statutorily regulated transaction regarding a company intending to acquire a Texas bank or bank holding company is exempt from certain transfer of ownership interest requirements.