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SB621
In Calendar Committee in Other Chamber Authored by Kevin Sparks (R) View at Source
Caption: Relating to a prohibition on the establishment, operation, or ownership of a public bank by a political subdivision. Initially Referred to Senate Local Government Committee, chaired by a Republican Last Referred to House Pensions, Investments & Financial Services Committee, chaired by a Republican
SB 621 prohibits political subdivisions in Texas, such as cities and counties, from establishing, operating, or owning a public bank. It adds a new section to the Local Government Code stating that public banking by these entities is not permitted under any circumstances.
Co-authors: West (D) Sponsors: Troxclair (R)
(S) Troxclair signed onto the bill as
Dec 13, 2024
(S) Sparks signed onto the bill as Author (S) Received by the Secretary of the Senate (S) Filed
Feb 3, 2025
(S) Read first time (S) Referred to the Senate Local Government, chaired by a Republican
Mar 10, 2025
(S) Scheduled for public hearing on . . . (S) Considered in public hearing (S) Testimony taken in committee (S) Left pending in committee
Mar 13, 2025
(S) Considered in public hearing (S) Vote taken in committee
Mar 17, 2025
(S) Reported favorably w/o amendments (S) Committee report printed and distributed
Mar 19, 2025
(S) West signed onto the bill as Coauthor (S) Co-author authorized (S) Placed on intent calendar
Mar 24, 2025
(S) Not again placed on intent calendar
Mar 25, 2025
(S) Placed on intent calendar
Mar 27, 2025
(S) Not again placed on intent calendar
Apr 1, 2025
(S) Placed on intent calendar (S) Rules suspended-Regular order of business (S) Record vote (S) Read 2nd time & passed to engrossment
20250401_SB621_E: Yea 26 (R 20, D 6) - Nay 5 (R 0, D 5)
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(S) Record vote (S) Reported engrossed
Apr 2, 2025
(H) Received from the Senate
Apr 9, 2025
(H) Read first time (H) Referred to the House Pensions, Investments & Financial Services, chaired by a Republican
May 19, 2025
(H) Scheduled for public hearing on . . . (H) Considered in public hearing (H) Testimony taken/registration(s) recorded in committee (H) Left pending in committee
May 20, 2025
(H) Considered in formal meeting (H) Reported favorably w/o amendment(s)
May 23, 2025
(H) Comte report filed with Committee Coordinator (H) Committee report distributed
May 24, 2025
(H) Committee report sent to Calendars
Lobbying Against/For/On This Bill
For
(Mon 3/10/2025) Testifying before S Local Government as James Quintero for Texas Public Policy Foundation (TPPF) (Mon 5/19/2025) Testifying before H Pensions, Investments & Financial Services as James Quintero for Texas Public Policy Foundation (TPPF) (Mon 3/10/2025) Registering before S Local Government as Mackenzie Kelly for self (Mon 3/10/2025) Registering before S Local Government as Susan Spataro for self
