The House Committee on Financial Institutions 
         76th Legislature 
         May 4, 2000 
         10:00 a.m. 
         Capitol Extension, E1.030 
         Pursuant to a notice posted on April 14, 2000, the House  
         Committee on Financial Institutions met in a public hearing and  
         was called to order by the chair, Representative Averitt, at  
         10:15 a.m.  This meeting was a joint hearing conducted with the  
         House Committee on Insurance. 
         The roll was answered as follows: 
         Present:  Representatives Averitt; Denny; Ehrhardt; Pitts;  
                   Solis, Juan (5). 
         Absent:   Representatives Solomons; Elkins; Grusendorf; Marchant  
         A quorum was present. 
         (Representative Solomons now present.) 
         (Representative Grusendorf now present.) 
         Testimony was taken on two of the Committee's interim charges  
         (See attached witness list).  The charges addressed are as  
         Review the federal "financial services modernization" act to  
         identify necessary changes to state laws and regulations  
         governing insurance and financial institutions.                                                   
         Determine the extent to which personal customer and account  
         information may be accessed or furnished to governmental  
         institutions, other divisions or affiliates of a financial  
         institution, and unrelated commercial or other enterprise.   
         Assess the state's ability to assure customers the privacy of  
         their information. 
         At 3:45 p.m., on the motion of the chair and without objection,  
         the meeting was adjourned subject to the call of the chair. 
         Rep. Averitt, Chair 
         Bryan McMath, Clerk