Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 404 restricts local governments to investing in state-managed investment pools, such as those operated by the Texas Treasury Safekeeping Trust Company. It requires divestment from non-state-managed investment pools within a specified timeframe unless clear evidence shows financial harm from immediate divestment. Local governments must report and justify delays in divestment​.
Author
Mayes Middleton
Co-Author
Adam Hinojosa
Contact the Author
Sen. Mayes Middleton
Capitol Phone:
(512) 463-0111
Capitol Office:
EXT E1.706
E-Mail:
