Texas · 89th Legislature (2025) · Bill

HB 1516: Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.

In committee Last action March 12, 2025: Referred to Pensions, Investments & Financial Services

Plain-language summary

HB 1516 is a bill introduced in the Texas House on December 4, 2024. According to its official title, it concerns: Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty. Primary sponsor: Mike Schofield (Republican). Most recent recorded action (March 12, 2025): Referred to Pensions, Investments & Financial Services.

Sponsors

Primary sponsor: Mike Schofield (Republican).