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LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
 
May 10, 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 an administrative penalty.), Committee Report 2nd House, Substituted

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