Amend CSHB 197 (house committee report) as follows:

(1) On page 1, strike lines 17 and 18 and substitute the following:

Sec. 60.002. EXCEPTIONS. This chapter does not apply to:

(1) a license issued under Section 2052.107(1); or

(2) a registration issued or notice filing submitted under The Securities Act (Article 581-1 et seq., Vernon's Texas Civil Statutes), if the registration or filing is made through a national electronic registration or filing system.

(2) On page 2, line 16, strike "if the individual violates this chapter." and substitute the following:

if the individual:

(1) provides false information under this chapter; or

(2) violates Section 60.003.

(3) On page 2, line 4, strike "Subsection (b)" and substitute "Subsections (b) and (d)".

(4) On page 2, between lines 14 and 15, insert the following:

(d) A licensing authority may accept as documentation in satisfaction of Section 60.003, a certification from another licensing authority stating that the individual has submitted documentation required by that section if the individual is licensed by or applying for a license from both licensing authorities.

(e) A licensing authority may deny or revoke an individual's license if the individual fails to submit the documentation required by Section 60.003 in the manner required by this section.