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Committee Hearings This Week in the Texas Legislature
Monday, March 27, 2017 7:00 AM

There are a number of hearings scheduled this week with bills that could impact credit unions. More hearings could be posted as the week progresses.

On Monday, the Senate State Affairs Committee will hear SB 869 by Sen. Joan Huffman (R-Houston), which authorizes a beneficiary designation that transfers a motor vehicle at the owner’s death. 

Also on Monday, House Licensing and Administrative Procedures Committee will hear HB 1247 by Rep. Joe Pickett (D-El Paso). This bill clarifies the type of notice that vehicle storage facilities must send to vehicle owners or lienholders regarding vehicles registered outside the state of Texas.

Tuesday, the House Insurance Committee will hear HB 1774 by Rep. Greg Bonnen (R-Galveston). The bill applies to property insurance and addresses issues that arise from mass damage, such as a hailstorm, that leads to a flood of litigation related to the payment of claims.

The House Investments and Financial Services Committee will hear four bills relating to the investment of public funds.

  • HB 1003 by Rep. Giovanni Capriglione (R-Ft. Worth) and HB 2647 by Rep. Phil Stephenson (R-Fort Bend): bills that authorize the investment of public funds into interest-bearing banking accounts or other obligations insured by FDIC, NCUA, and NCUSIF.
  • HB 2648 and HB 2928, also by Rep. Stephenson, adds obligations of Federal Home Loan Banks as authorized investments for governmental entities and the requirements for certificates of deposit or share certificates held as authorized investments.

House Judiciary and Civil Jurisprudence will hear three bills about the liability of permitting or prohibiting handguns by businesses or on property owned, controlled, or managed by a person.

  • HB 447 by Rep. Cecil Bell (R-Montgomery) would hold a business liable for damages that could have been prevented by lawful use of a handgun by a handgun license holder if that business forbids gun carry on the premises, and provides immunity for a business that allows gun license holders to carry guns on the premises.
  • HB 497 by Rep Matt Rinaldi (R-Dallas) provides immunity from civil liability for a business that permits lawful carry of a handgun.
  • HB 606 by Rep. Drew Springer (R-Gainesville) provides immunity from civil liability for a person or business that permits lawful gun carry on the premises. The bill does not limit liability for an injury caused by gross negligence.

The House Ways and Means Committee meets on Wednesday and will hear several bills related to repealing or phasing out the state’s franchise tax. Credit unions are exempt from the franchise tax.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.