LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 8, 2023 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed No significant fiscal implication to the State is anticipated. Based on the analysis of the Texas Department of Banking, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 451 Department of Banking LBB Staff: b > td > JMc, SZ, LBl, MOc, CMA, GDZ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 8, 2023
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed
HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing for an administrative penalty; creating a criminal offense.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Texas Department of Banking, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 451 Department of Banking
451 Department of Banking
LBB Staff: b > td > JMc, SZ, LBl, MOc, CMA, GDZ
JMc, SZ, LBl, MOc, CMA, GDZ