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SB621 • 2025

Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Sparks
Last action
2025-05-24
Official status
05/24/2025 H Committee report sent to Calendars
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

What This Bill Does

  • Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-24 Texas Legislature Online

    Committee report sent to Calendars

  2. 2025-05-23 Texas Legislature Online

    Comte report filed with Committee Coordinator

  3. 2025-05-23 Texas Legislature Online

    Committee report distributed

  4. 2025-05-20 Texas Legislature Online

    Considered in formal meeting

  5. 2025-05-20 Texas Legislature Online

    Reported favorably w/o amendment(s)

  6. 2025-05-19 Texas Legislature Online

    Scheduled for public hearing on . . .

  7. 2025-05-19 Texas Legislature Online

    Considered in public hearing

  8. 2025-05-19 Texas Legislature Online

    Testimony taken/registration(s) recorded in committee

  9. 2025-05-19 Texas Legislature Online

    Left pending in committee

  10. 2025-04-09 Texas Legislature Online

    Read first time

  11. 2025-04-09 Texas Legislature Online

    Referred to Pensions, Investments & Financial Services

  12. 2025-04-02 Texas Legislature Online

    Received from the Senate

  13. 2025-04-01 Texas Legislature Online

    Placed on intent calendar

  14. 2025-04-01 Texas Legislature Online

    Rules suspended-Regular order of business

  15. 2025-04-01 Texas Legislature Online

    Record vote

  16. 2025-04-01 Texas Legislature Online

    Read 2nd time & passed to engrossment

  17. 2025-04-01 Texas Legislature Online

    Record vote

  18. 2025-04-01 Texas Legislature Online

    Three day rule suspended

  19. 2025-04-01 Texas Legislature Online

    Record vote

  20. 2025-04-01 Texas Legislature Online

    Read 3rd time

  21. 2025-04-01 Texas Legislature Online

    Passed

  22. 2025-04-01 Texas Legislature Online

    Record vote

  23. 2025-04-01 Texas Legislature Online

    Reported engrossed

  24. 2025-03-27 Texas Legislature Online

    Not again placed on intent calendar

  25. 2025-03-25 Texas Legislature Online

    Placed on intent calendar

  26. 2025-03-24 Texas Legislature Online

    Not again placed on intent calendar

  27. 2025-03-19 Texas Legislature Online

    Co-author authorized

  28. 2025-03-19 Texas Legislature Online

    Placed on intent calendar

  29. 2025-03-17 Texas Legislature Online

    Reported favorably w/o amendments

  30. 2025-03-17 Texas Legislature Online

    Committee report printed and distributed

  31. 2025-03-13 Texas Legislature Online

    Considered in public hearing

  32. 2025-03-13 Texas Legislature Online

    Vote taken in committee

  33. 2025-03-10 Texas Legislature Online

    Scheduled for public hearing on . . .

  34. 2025-03-10 Texas Legislature Online

    Considered in public hearing

  35. 2025-03-10 Texas Legislature Online

    Testimony taken in committee

  36. 2025-03-10 Texas Legislature Online

    Left pending in committee

  37. 2025-02-03 Texas Legislature Online

    Read first time

  38. 2025-02-03 Texas Legislature Online

    Referred to Local Government

  39. 2024-12-13 Texas Legislature Online

    Received by the Secretary of the Senate

  40. 2024-12-13 Texas Legislature Online

    Filed

Official Summary Text

Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision.

Current Bill Text

Read the full stored bill text 
89(R) SB 621 - House Committee Report version - Bill Text

By: Sparks, et al.

S.B. No. 621

(Troxclair)

A BILL TO BE ENTITLED

AN ACT

relating to a prohibition on the establishment, operation, or

ownership of a public bank by a political subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Chapter 140, Local Government Code, is amended

by adding Section 140.014 to read as follows:

Sec.

140.014.

PROHIBITION ON PUBLIC BANK. Notwithstanding

any other law, a political subdivision may not establish, operate,

or own an organization or entity that is organized for the purpose

of engaging in banking as defined by Section 31.002, Finance Code.

SECTION 2. This Act takes effect September 1, 2025.