Bill

HB 3271

87(R) - 2021
House International Relations & Economic Development
Senate Business and Commerce
House International Relations & Economic Development
Senate Business and Commerce
Economic Development

Contact the Author

Claudia Ordaz perez

Phone:

(512) 463-0622

Capitol Office:

E2.802

Email:

Vote Recommendation

No
  • Negative
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Claudia Ordaz perez
Angie Chen Button

Co-Author(s)

Cecil Bell Jr.
Terry Canales
Jasmine Crockett
Art Fierro
Ann Johnson
Lyle Larson
Christina Morales
Eddie Morales
Claudia Ordaz perez

Sponsor(s)

C├ęsar J Blanco

Bill Caption

Relating to establishing loan programs to assist certain micro-businesses by increasing access to capital; authorizing fees.

Fiscal Notes

The fiscal implications of the bill cannot be determined at this time due to the amounts of any state funds to be made available for the loan programs and any interest earned on reserve fund deposits being unknown.

Bill Analysis

HB 3271 would create a new government loan program to allow for-profit "micro-businesses" with 20 employees or less to apply for disaster recovery capital access loans.

Vote Recommendation Notes

Texas Action is opposed to HB 3271 on the principle of limited government. Creating loan programs is not a proper function of state government. A better way for the state to help small businesses recover from disaster is to reduce taxes and regulations which are direct government impediments to prosperity.

Contact the Author

Claudia Ordaz perez

Phone:

(512) 463-0622

Capitol Office:

E2.802

Email: