LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION

May 8, 2023

TO:	Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed

No significant fiscal implication to the State is anticipated.

Based on the analysis of the Texas Department of Banking, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

451 Department of Banking

LBB Staff:

JMc, SZ, LBl, MOc, CMA, GDZ