Bill Text: TX HB1539 | 2015-2016 | 84th Legislature | Engrossed

Texas House Bill 1539 (Prior Session Legislation)

Bill Title: Relating to increasing the criminal penalties in certain circumstances for insider trading and other misuse of official information by public servants.

Sponsorship: Slight Partisan Bill (Republican 3-1)

Status: (Engrossed - Dead) 2015-05-14 - Left pending in committee [HB1539 Detail]

Download: Texas-2015-HB1539-Engrossed.html

	84R7813 ATP-D

	By: Meyer, Anchia, Fallon	H.B. No. 1539



	A BILL TO BE ENTITLED
	AN ACT
	relating to increasing the criminal penalties in certain
	circumstances 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 (f) or (g), an offense
	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 $100,000;
	(2) a felony of the second degree if the net pecuniary
	gain is $100,000 or more but less than $200,000; or
	(3) a felony of the first degree if the net pecuniary
	gain is $200,000 or more.
	SECTION 2. (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 3. This Act takes effect September 1, 2015.