Honorable Robert Duncan, Chair, Senate Committee on Jurisprudence
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB2040 by Marchant (Relating to authorizing certain state agencies to share information for investigative purposes.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would allow the Attorney General, 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 information that relates to the possible commission of corporate fraud by a person who is licensed or otherwise regulated by these state agencies.
Local Government Impact
No fiscal implication to units of local government is anticipated.