Bill: HB 1377, 85(R) - 2017
Committee
House General Investigating & Ethics
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Neutral |
Positive |
Neutral |
Neutral |
Author(s)
Sarah Davis
Bill Caption
Relating to the contents of a record keeping requirement related to personal financial statements filed with the Texas Ethics Commission.
Fiscal Notes
From the LBB: No significant fiscal implication to the state is anticipated.
Bill Analysis
This bill would change the requirements of personal financial statements submitted to the Texas Ethics Commission to include:
- identification of the greatest number of shares of stock of any non publicly traded business entity held or acquired
- identification by stock symbol and category of the number of shares of stock of any publicly traded corporations held
The bill would also require an individual that is required to file a financial statement to maintain a record of the information necessary for filing for at least three years after the filing deadline.
Vote Recommendation Notes
This change would increase the transparency of the financial situation of persons seeking to be public officials, which is in keeping with the principle of personal responsibility. Therefore we support this legislation.
