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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 Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Mike SchofieldPrimary sponsorRepublicanHouse132

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Referred to Pensions, Investments & Financial Services
  2. Read first time
  3. Filed

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source