Texas 2025 - 89th Regular

Texas Senate Bill SB3013 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Creighton S.B. No. 3013
2		-	(In the Senate - Filed March 14, 2025; April 7, 2025, read
3		-	first time and referred to Committee on State Affairs;
4		-	April 16, 2025, reported adversely, with favorable Committee
5		-	Substitute by the following vote: Yeas 8, Nays 1; April 16, 2025,
6		-	sent to printer.)
7		-	Click here to see the committee vote
8		-	COMMITTEE SUBSTITUTE FOR S.B. No. 3013 By: Perry
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12	5
13	6		A BILL TO BE ENTITLED
14	7		AN ACT
15		-	relating to the contents and filing of personal financial
16		-	statements with the Texas Ethics Commission and the removal of
17		-	certain information in certain statements from public view.
	8	+	relating to financial disclosures.
18	9		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
19		-	SECTION 1. Section 572.023(b), Government Code, is amended
20		-	to read as follows:
21		-	(b) The account of financial activity consists of:
22		-	(1) a list of all sources of occupational income,
23		-	identified by employer, or if self-employed, by the nature of the
24		-	occupation, including identification of a person or other
25		-	organization from which the individual or a business in which the
26		-	individual has a substantial interest received a fee as a retainer
27		-	for a claim on future services in case of need, as distinguished
28		-	from a fee for services on a matter specified at the time of
29		-	contracting for or receiving the fee, if professional or
30		-	occupational services are not actually performed during the
31		-	reporting period equal to or in excess of the amount of the
32		-	retainer, and the category of the amount of the fee;
33		-	(2) identification by name and the category of the
34		-	number of shares of stock of any business entity held or acquired,
35		-	and if sold, the category of the amount of net gain or loss realized
36		-	from the sale;
37		-	(3) a list of all bonds, notes, and other commercial
38		-	paper held or acquired, and if sold, the category of the amount of
39		-	net gain or loss realized from the sale;
40		-	(4) identification of each source and the category of
41		-	the amount of income in excess of $500 derived from each source from
42		-	interest, dividends, royalties, and rents;
43		-	(5) identification of each guarantor of a loan and
44		-	identification of each person or financial institution to whom a
45		-	personal note or notes or lease agreement for a total financial
46		-	liability in excess of $1,000 existed at any time during the year
47		-	and the category of the amount of the liability;
48		-	(6) identification by description of all beneficial
49		-	interests in real property and business entities held or acquired,
50		-	and if sold, the category of the amount of the net gain or loss
51		-	realized from the sale;
52		-	(7) identification of a person or other organization
53		-	from which the individual or the individual's spouse or dependent
54		-	children received a gift of anything of value in excess of $250 and
55		-	a description of each gift, except:
56		-	(A) a gift received from an individual related to
57		-	the individual at any time within the second degree by
58		-	consanguinity or affinity, as determined under Subchapter B,
59		-	Chapter 573;
60		-	(B) a political contribution that was reported as
61		-	required by Chapter 254, Election Code; and
62		-	(C) an expenditure required to be reported by a
63		-	person required to be registered under Chapter 305;
64		-	(8) identification of the source and the category of
65		-	the amount of all income received as beneficiary of a trust, other
66		-	than a blind trust that complies with Subsection (c), and
67		-	identification of each trust asset, if known to the beneficiary,
68		-	from which income was received by the beneficiary in excess of $500;
69		-	(9) identification:
70		-	(A) by description of a corporation, firm,
71		-	partnership, limited partnership, limited liability partnership,
72		-	professional corporation, professional association, joint venture,
73		-	or other business association in which five percent or more of the
74		-	outstanding ownership was held, acquired, or sold; and
75		-	(B) by description and the category of the amount
76		-	of all assets and liabilities of a corporation, firm, partnership,
77		-	limited partnership, limited liability partnership, professional
78		-	corporation, professional association, joint venture, or other
79		-	business association in which 50 percent or more of the outstanding
80		-	ownership was held, acquired, or sold;
81		-	(10) a list of all boards of directors of which the
82		-	individual is a member and executive positions that the individual
83		-	holds in corporations, firms, partnerships, limited partnerships,
84		-	limited liability partnerships, professional corporations,
85		-	professional associations, joint ventures, or other business
86		-	associations or proprietorships, stating the name of each
87		-	corporation, firm, partnership, limited partnership, limited
88		-	liability partnership, professional corporation, professional
89		-	association, joint venture, or other business association or
90		-	proprietorship and the position held;
91		-	(11) identification of any person providing
92		-	transportation, meals, or lodging expenses permitted under Section
93		-	36.07(b), Penal Code, and the amount of those expenses, other than
94		-	expenditures required to be reported under Chapter 305;
95		-	(12) any corporation, firm, partnership, limited
96		-	partnership, limited liability partnership, professional
97		-	corporation, professional association, joint venture, or other
98		-	business association, excluding a publicly held corporation, in
99		-	which both the individual and a person registered under Chapter 305
100		-	have an interest;
101		-	(13) identification by name and the category of the
102		-	number of shares of any mutual fund held or acquired, and if sold,
103		-	the category of the amount of net gain or loss realized from the
104		-	sale;
	10	+	SECTION 1. Section 572.023(b)(14), Government Code, is
	11	+	amended to read as follows:
105	12		(14) identification of each blind trust that complies
106	13		with Subsection (c), including:
107		-	(A) [the category of the fair market value of the
108		-	trust;
109		-	[(B)] the date the trust was created;
110		-	(B) [(C)] the name and address of the trustee;
111		-	and
112		-	(C) [(D)] a statement signed by the trustee,
113		-	under penalty of perjury, stating that:
	14	+	(A) [the category of the fair market value of the trust;
	15	+	(B)] the date the trust was created;
	16	+	(B)[(C)] the name and address of the trustee; and
	17	+	(C)[(D)] a statement signed by the trustee, under penalty of
	18	+	perjury, stating that:
114	19		(i) the trustee has not revealed any
115	20		information to the individual, except information that may be
116	21		disclosed under Subdivision (8); and
117	22		(ii) to the best of the trustee's knowledge,
118	23		the trust complies with this section;
119		-	(15) if the aggregate cost of goods or services sold
120		-	under one or more written contracts described by this subdivision
121		-	exceeds $10,000 in the year covered by the report, identification
122		-	of each written contract, including the name of each party to the
123		-	contract:
124		-	(A) for the sale of goods or services in the
125		-	amount of $2,500 or more;
126		-	(B) to which the individual, the individual's
127		-	spouse, the individual's dependent child, or any business entity of
128		-	which the individual, the individual's spouse, or the individual's
129		-	dependent child, independently or in conjunction with one or more
130		-	persons described by this subsection, has at least a 50 percent
131		-	ownership interest is a party; and
132		-	(C) with:
133		-	(i) a governmental entity; or
134		-	(ii) a person who contracts with a
135		-	governmental entity, if the individual or entity described by
136		-	Paragraph (B) performs work arising out of the contract,
137		-	subcontract, or agreement between the person and the governmental
138		-	entity for a fee; and
139		-	(16) if the individual is a member of the legislature
140		-	and provides bond counsel services to an issuer, as defined by
141		-	Section 1201.002(1), identification of the following for each
142		-	issuance for which the individual served as bond counsel:
143		-	(A) the amount of the issuance;
144		-	(B) the name of the issuer;
145		-	(C) the date of the issuance;
146		-	(D) the amount of fees paid to the individual,
147		-	and whether the amount is:
148		-	(i) less than $5,000;
149		-	(ii) at least $5,000 but less than $10,000;
150		-	(iii) at least $10,000 but less than
151		-	$25,000; or
152		-	(iv) $25,000 or more; and
153		-	(E) the amount of fees paid to the individual's
154		-	firm, if applicable, and whether the amount is:
155		-	(i) less than $5,000;
156		-	(ii) at least $5,000 but less than $10,000;
157		-	(iii) at least $10,000 but less than
158		-	$25,000; or
159		-	(iv) $25,000 or more.
160		-	SECTION 2. Section 572.031(b), Government Code, is amended
161		-	to read as follows:
	24	+	SECTION 2. Section 572.031(b), Government Code, is
	25	+	amended to read as follows:
162	26		(b) If the commission determines that an individual has
163	27		failed to file the statement in compliance with this subchapter,
164		-	the commission shall send a written statement of the determination
165		-	to the individual [appropriate prosecuting attorneys of the state].
166		-	SECTION 3. Section 572.032, Government Code, is amended by
167		-	amending and reenacting Subsection (a-1) as amended by Chapters 34
168		-	(S.B. 1576) and 983 (H.B. 776), Acts of the 85th Legislature,
169		-	Regular Session, 2017, and adding Subsection (a-2) to read as
170		-	follows:
	28	+	the commission shall send a written notice to the individual
	29	+	[statement of the determination to the appropriate prosecuting
	30	+	attorneys of the state].
	31	+	SECTION 3. The Section 572.032(a-1), Government Code, as
	32	+	amended by Acts 2017, 85th Leg., R.S., Ch. 34 (S.B. 1576), Sec. 15
	33	+	is amended to read as follows:
171	34		(a-1) Before permitting a member of the public to view a
172	35		financial statement filed under this subchapter or providing a copy
173	36		of the statement to a member of the public, the commission shall
174		-	remove from the statement, if applicable, the home address of:
175		-	(1) a state officer [judge or justice]; [or]
176		-	(2) a partisan or independent candidate for an
177		-	elective office; or
178		-	(3) a state party chair [member of the governing board
179		-	or executive head of the Texas Civil Commitment Office].
180		-	(a-2) [(a-1)] The commission shall remove the home address,
181		-	the telephone number, and the names of the dependent children of an
182		-	individual from a financial statement filed by the individual under
183		-	this subchapter before:
184		-	(1) permitting a member of the public to view the
185		-	statement;
186		-	(2) providing a copy of the statement to a member of
187		-	the public; or
188		-	(3) making the statement available to the public on
189		-	the commission's Internet website, if the commission makes
190		-	statements filed under this subchapter available on its website.
191		-	SECTION 4. The changes in law made by this Act apply only to
192		-	a financial statement required to be filed under Subchapter B,
193		-	Chapter 572, Government Code, on or after the effective date of this
194		-	Act. A financial statement required to be filed before the
195		-	effective date of this Act is governed by the law in effect on the
196		-	date the statement is required to be filed, and the former law is
197		-	continued in effect for that purpose.
198		-	SECTION 5. This Act takes effect September 1, 2025.
199		-	* * * * *
	37	+	remove from the statement, if applicable, the home address of a
	38	+	state officer, a partisan or independent candidate for an office as
	39	+	an elected officer, and a state party chair[:
	40	+	(1) a judge or justice;
	41	+	(2) a member of the governing board or executive head of the
	42	+	Texas Civil Commitment Office].
	43	+	SECTION 4. This Act takes effect September 1, 2025.