HB 2820

Status: Signed by governor
Author: Rep. Dan Flynn
Sponsor: Sen. Bryan Hughes
Summary: Eliminates the TRS program under which the agency certified 403(b) investment products (which are already regulated through the Texas Department of Insurance, the State Securities Board and the federal government). Companies offering investment products in districts for school employees must be licensed by TDI and must be in compliance with minimum capital and surplus requirements. 

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