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Relating to the registration and certification of certain
investment products made available to public school employees.
No fiscal impact to the state is anticipated.
HB 2820 changes which companies are eligible to offer investments services through TRS to ones that are licensed by the Department of Insurance and one that offers investment products other than annuity contracts. The bill also requires a company have sufficient presence in the state to serve the employees who participate in the plan.
Texas Action is neutral on HB 2820 because it does not affect our liberty principles.
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