| TO: | Honorable Mike Villarreal, Chair, House Committee On Investments & Financial Services |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB1613 by Phillips (Relating to access to criminal history record information by the banking commissioner.), As Introduced |
The bill would amend the Government Code relating to access to criminal history record information by the banking commissioner. The bill would allow the banking commissioner to obtain criminal history record information for an applicant pursuing a charter, license, or other authority issued by the commission relating to trust companies, bank holding companies, interstate bank operations, and perpetual care cemeteries. The bill would also allow the banking commissioner to obtain criminal history record information for an employee or applicant for employment, volunteer, contractor, or subcontractor with the Department of Banking.
Based on the analysis of the Department of Public Safety (DPS), implementing the provisions of the bill would result in DPS conducting additional criminal background checks. This analysis assumes that there would be no significant fiscal impact from any potential increases in the amount of criminal background checks conducted by DPS.
The fiscal impacts of costs and revenues that may be generated in association with implementing the provisions of the bill for the Department of Banking are not considered in this analysis because any fiscal impacts for the agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent.
| Source Agencies: | 405 Department of Public Safety, 451 Department of Banking
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| LBB Staff: | UP, ED, RB, MW
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