LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION March 25, 2025 TO: Honorable Ken King, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2001 by Meyer (Relating to increasing the criminal penalties for insider trading and other misuse of official information.), As Introduced No significant fiscal implication to the State is anticipated. The bill would provide for punishment of the offense of misuse of official information as a third degree felony if the net pecuniary gain was less than $150,000, as a second degree felony if the net pecuniary gain was $150,000 or more but less than $300,000, or as a first degree felony if the net pecuniary gain was $300,000 or more. It is assumed that any fiscal impact and any impact on state correctional populations or on the demand for state correctional resources would not be significant. Local Government ImpactIt is assumed that any fiscal impact to units of local government associated with enforcement, prosecution, supervision, or confinement would not be significant. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, WP, DGI, QH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
March 25, 2025
TO: Honorable Ken King, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2001 by Meyer (Relating to increasing the criminal penalties for insider trading and other misuse of official information.), As Introduced
TO: Honorable Ken King, Chair, House Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2001 by Meyer (Relating to increasing the criminal penalties for insider trading and other misuse of official information.), As Introduced
Honorable Ken King, Chair, House Committee on State Affairs
Honorable Ken King, Chair, House Committee on State Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2001 by Meyer (Relating to increasing the criminal penalties for insider trading and other misuse of official information.), As Introduced
HB2001 by Meyer (Relating to increasing the criminal penalties for insider trading and other misuse of official information.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would provide for punishment of the offense of misuse of official information as a third degree felony if the net pecuniary gain was less than $150,000, as a second degree felony if the net pecuniary gain was $150,000 or more but less than $300,000, or as a first degree felony if the net pecuniary gain was $300,000 or more. It is assumed that any fiscal impact and any impact on state correctional populations or on the demand for state correctional resources would not be significant.
Local Government Impact
It is assumed that any fiscal impact to units of local government associated with enforcement, prosecution, supervision, or confinement would not be significant.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, WP, DGI, QH
JMc, WP, DGI, QH