| TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB2042 by Marchant (Relating to enforcement of conduct and other matters concerning a security; providing a penalty.), As Introduced |
HB 2042 amends The Securities Act of 1957, providing assistance to securities regulators of another jurisdiction and expansion of existing penal provisions. The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JK, WM
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