Bill Text: TX HB444 | 2019-2020 | 86th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to increasing the criminal penalties for insider trading and other misuse of official information by public servants.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2019-04-15 - Referred to State Affairs [HB444 Detail]
Download: Texas-2019-HB444-Introduced.html
Bill Title: Relating to increasing the criminal penalties for insider trading and other misuse of official information by public servants.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2019-04-15 - Referred to State Affairs [HB444 Detail]
Download: Texas-2019-HB444-Introduced.html
86R1769 ATP-D | ||
By: Meyer | H.B. No. 444 |
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relating to the criminal penalties for insider trading and other | ||
misuse of official information by public servants. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 39.06, Penal Code, is amended by | ||
amending Subsection (e) and adding Subsection (g) to read as | ||
follows: | ||
(e) Except as provided by Subsection (g) [ |
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under this section is a felony of the third degree. | ||
(g) If the commission of an offense under this section | ||
results in a net pecuniary gain to the person committing the | ||
offense, the offense is: | ||
(1) a felony of the third degree if the net pecuniary | ||
gain is less than $150,000; | ||
(2) a felony of the second degree if the net pecuniary | ||
gain is $150,000 or more but less than $300,000; or | ||
(3) a felony of the first degree if the net pecuniary | ||
gain is $300,000 or more. | ||
SECTION 2. Section 39.06(f), Penal Code, is repealed. | ||
SECTION 3. (a) The change in law made by this Act applies | ||
only to an offense committed on or after the effective date of this | ||
Act. For purposes of this section, an offense is committed before | ||
the effective date of this Act if any element of the offense occurs | ||
before the effective date. | ||
(b) An offense committed before the effective date of this | ||
Act is covered by the law in effect when the offense was committed, | ||
and the former law is continued in effect for that purpose. | ||
SECTION 4. This Act takes effect September 1, 2019. |