Bill > HB5547

This bill amends the Code of Criminal Procedure to update sentencing guidelines for certain offenses related to money transmission services, specifically by adding new provisions under the "Money Transmission Modernization Act." These new provisions, categorized as "Pub trst" (public trust) offenses of Class E, address intentionally making false statements or misrepresentations in records or documents, engaging in criminal fraud within the money transmission business, and violating the act's licensing requirements, all of which carry a statutory maximum sentence of 5 years. The bill also includes a tie-bar provision, meaning it will only take effect if House Bill No. 5544 of the 103rd Legislature is also enacted into law, and it is set to become effective on January 1, 2026.