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Bill > HB2752


TX HB2752

TX HB2752
Relating to the authority of the Texas Department of Insurance to adopt rules that implement or are based on certain environmental, social, and governance models, ratings, or standards.


summary

Introduced
02/23/2023
In Committee
04/11/2023
Crossed Over
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

AN ACT relating to the authority of the Texas Department of Insurance to adopt rules that implement or are based on certain environmental, social, and governance models, ratings, or standards.

AI Summary

This bill amends the Insurance Code to prohibit the Texas Department of Insurance from adopting rules based on environmental, social, and governance (ESG) models, ratings, or standards, unless such adoption is expressly authorized by statute. The bill defines key terms like "environmental assessment," "social assessment," and "governance assessment," and establishes a process for challenging the adoption of rules that violate these provisions. The bill applies to proposed rules filed with the secretary of state on or after September 1, 2023, when the Act takes effect.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Committee report sent to Calendars (on 04/20/2023)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Insurance Regulation
Government Operations
  • ‐ Executive Branch Operations

bill text


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