Proposing a constitutional amendment limiting the authority of the state to collect, receive, store, or share certain personal financial information.
If passed, HJR112 would amend the Texas Constitution by adding a new section that outlines strict limitations on how executive agencies handle personal financial information. The amendment specifies that any financial information can be collected only when directly provided by the individual or obtained during an audit, which cannot be stored afterward. Furthermore, it emphasizes that any data collected without the individual's knowledge cannot be shared with third parties, thereby heightening the privacy protections for Texans.
HJR112 is a joint resolution proposing a constitutional amendment that aims to limit the authority of the state of Texas in collecting, receiving, storing, or sharing certain types of personal financial information. Specifically, the amendment asserts that executive agencies have no compelling interest in the personal financial details of individuals engaged in private business. As a result, the bill restricts these agencies from gathering financial data about individuals, such as borrowing and spending habits or relationships with financial institutions, except under specific circumstances outlined in the legislation.
Debate surrounding HJR112 likely centers on the balance between state oversight and individual privacy rights. Proponents argue that the amendment is a necessary step to protect citizens from unwarranted governmental intrusion into their personal financial affairs. They believe it enhances privacy and individual liberties in an era where data collection is rampant. Conversely, opponents may argue that while protecting privacy is vital, the state must still maintain certain data-gathering powers to effectively perform its functions, especially in enforcing laws related to taxation or public welfare. The resolution thus invites scrutiny concerning its potential implications for state governance and law enforcement.
The resolution specifically includes exceptions for financial information collected for law enforcement purposes and those related to seeking benefits or entering transactions with the state. This nuanced approach suggests careful consideration of the rights of individuals while acknowledging the state's need to uphold its regulatory responsibilities.