Bill: HB 1539, 84(R) - 2015
Committee
House General Investigating & Ethics
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Positive |
Neutral |
Author(s)
Morgan Meyer
Bill Caption
Relating to increasing the criminal penalties in certain circumstances for insider trading and other misuse of official information by public servants.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
This legislation would enhance the punishment for misuse of
official information by a public servant within the Penal Code. Under this bill, misuse of official
information would be punishable at different felony levels based on the specifics of the offense.
Vote Recommendation Notes
This bill creates a stricter understanding of the punishments for insider trading offenses by a government official. The provisions of the bill seem to already be in effect in administrative law. HB 1539 codifies it into statute, which would support our principle of limited government.
