| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Yes | Neutral | Neutral | Positive | Positive | Neutral |
No fiscal implication to the State is anticipated.
HB 3536 requires the 11 members of the Finance Commission of
Texas to have a majority approve the appointments of the banking commissioner
and the savings and mortgage lending commissioner.
The finance commission
consists of 11 members, however before the 82nd Legislature the commission was at nine members. When there
were nine members the commission required five votes (a majority) to affirm
positions for the banking commissioner and the savings and mortgage lending
commissioner. Since the current makeup of the commission is 11 members
the law still requires only five affirmative votes to appoint these two
commissioners, which is less than a majority.
We support HB 3536 because it is wise and prudent that the majority of a commission give their
consent to positions of high authority. Additionally, by requiring a majority
to approve these positions, the commission as a whole is more accountable and
transparent to the decisions that it makes.