Texas House Bill HB1074

Texas 2013 - 83rd Regular

Caption

Relating to the contents of and public access to personal financial statements and the creation of a select interim committee to undertake a comprehensive review of personal financial disclosures made to the Texas Ethics Commission and certain other authorities.

Impact

If enacted, HB 1074 would directly affect the Texas Government Code, specifically concerning sections related to financial disclosures. It mandates revisions in the information that must be included in personal financial statements, such as detailed accounts of occupational income, investments, liabilities, and any substantial gifts received. The legislation would enhance public access to these financial disclosures, as all statements filed would be made available online, ensuring that citizens have the ability to review the financial dealings of public officials and enhance their trust in government operations.

Summary

House Bill 1074 seeks to amend existing laws concerning the contents of personal financial statements that individuals are required to submit to the Texas Ethics Commission. The bill proposes an extensive review of financial disclosure requirements, aiming to enhance transparency and public access to these financial statements. The intent of the bill is to ensure that details surrounding the financial activities of state officials and public employees are clearly documented and accessible, thereby promoting accountability in financial dealings.

Sentiment

The sentiment surrounding HB 1074 appears to be supportive among advocates for transparency and ethical governance. Proponents argue that the bill is a necessary step toward greater accountability for public officials. However, there may be concerns from certain quarters regarding privacy and the potential for misuse of disclosed information. The balance between transparency and privacy presents a point of discussion among stakeholders, including lawmakers and advocacy groups.

Contention

Notable points of contention may arise around the extent of the financial information that should be disclosed and the implications for public figures' privacy. Critics of increased disclosure requirements often argue that such measures might deter capable individuals from serving in public office due to concerns over personal and family financial exposures. Nevertheless, supporters assert that enhancing disclosure requirements is essential for fostering ethical behavior in government and mitigating the risk of corruption. As the bill moves forward, debate is likely to center on how best to achieve increased transparency without unnecessarily infringing on personal privacy.