LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 7, 2023 TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code to create a scaled recoveries of civil fines based on the market capitalization of the company that violates the antitrust laws.It is assumed that any costs associated with the bill could be absorbed using existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, SMAT, HGR, KDw
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 7, 2023
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Engrossed
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Engrossed
Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Engrossed
HB5232 by Spiller (Relating to civil penalties imposed for violations of the Texas Free Enterprise and Antitrust Act of 1983.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Business and Commerce Code to create a scaled recoveries of civil fines based on the market capitalization of the company that violates the antitrust laws.It is assumed that any costs associated with the bill could be absorbed using existing resources.
The bill would amend the Business and Commerce Code to create a scaled recoveries of civil fines based on the market capitalization of the company that violates the antitrust laws.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, SMAT, HGR, KDw
JMc, SMAT, HGR, KDw