Monitoring the Session

HB 3900

bill keeping 35 percent of local money in Texas banks

Did not pass

Verdict: No flags

No flagsInitial review
Rep. Ryan GuillenRHouse 31

Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

relating to investment of local governments' money in banks located in this state.

Caption from analyzed text · version I.

Summary

At least 35 percent of investable money stays in Texas banks.

The bill requires every local government's investment policy to put at least 35 percent of its investable money into deposits, certificates of deposit, or similar authorized investments held in banks located in Texas. It touches cities, counties, school districts and other local governments that invest public funds under the Public Funds Investment Act, and the Texas banks that would hold that money. Starting January 1, 2026, local treasurers would have to steer more than a third of their available funds to in-state banks instead of placing them wherever their policy allowed before.

Labels

Labels: QUICK READ: 117 WORDS. The bill as filed runs 117 words, counting the existing law it amends and the text it strikes. The median 89R bill as filed runs 441 words (derived, 8,702 graded bills, snapshot Oct 19, 2026).STALLED AFTER COMMITTEE. Voted out of the House Pensions, Investments & Financial Services committee 5-3 on May 5, 2025. Placed on the General State Calendar on May 15, 2025. The bill died.

Receipt

The receipt

89R-HB3900 · 2025-03-06

SOLD BY

Rep. Ryan GuillenRHouse 31 Rep. Pat CurryRHouse 56 Rep. Ellen TroxclairRHouse 19

ITEM

relating to investment of local governments' money in banks located in this state.

WHAT IT DOES

At least 35 percent of investable money stays in Texas banks.

The bill requires every local government's investment policy to put at least 35 percent of its investable money into deposits, certificates of deposit, or similar authorized investments held in banks located in Texas. It touches cities, counties, school districts and other local governments that invest public funds under the Public Funds Investment Act, and the Texas banks that would hold that money. Starting January 1, 2026, local treasurers would have to steer more than a third of their available funds to in-state banks instead of placing them wherever their policy allowed before.

CHARGES

[ ] NONE FOUND

TOTAL

No fiscal implication to the State is anticipated.

LBB estimate · fiscal note version H · source

Sources

Fiscal note · version H · May 10, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

  1. Filed
  2. Read first time
  3. Referred to Pensions, Investments & Financial Services
  4. Scheduled for public hearing on . . .
  5. Considered in public hearing
  6. Committee substitute considered in committee
  7. Testimony taken/registration(s) recorded in committee
  8. Left pending in committee
  9. Considered in public hearing
  10. Committee substitute considered in committee
  11. Reported favorably as substituted
  12. Comte report filed with Committee Coordinator
  13. Committee report distributed
  14. Committee report sent to Calendars
  15. Considered in Calendars
  16. Placed on General State Calendar
FILED UNDER

No verified beat found.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

CAMPAIGN PAID FOR BY

Ryan Guillen

Donors

Frontera Texas PAC$160KTexas Sands PAC$121KAssociated Republicans of Texas Campaign Fund$23K

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Jul 1, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Frontera Texas PAC$160,007.97

Frontera Texas PAC

$160,007.97

Cash
$0.00
Paid by others
$160,007.97
Total
$160,007.97
Other filed descriptions $73,500.00mail $40,000.00mailing $19,429.94texting $18,144.37digital $8,211.55printing $722.11

Also funds 3 other sitting lawmakers.

Derived recipient stock · Nov 5, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Sources

Derived itemized flow · Dec 30, 2025 to Oct 24, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101033369, 101062168, 101070155, 101073001.

Texas Sands PAC$120,875.00

Texas Sands PAC

$120,875.00

Cash
$113,500.00
Paid by others
$7,375.00
Total
$120,875.00
polling $7,375.00

Also funds 121 other sitting lawmakers.

Derived recipient stock · Jul 3, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Dec 14, 2024 to Sep 25, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100989191, 101033369, 101062168, 101073001.

Associated Republicans of Texas Campaign Fund$22,795.90

Associated Republicans of Texas Campaign Fund

$22,795.90

Cash
$0.00
Paid by others
$22,795.90
Total
$22,795.90
polling $15,000.00Other filed descriptions $7,352.14texting $443.76

Also funds 20 other sitting lawmakers.

Derived recipient stock · Nov 4, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Dec 15, 2025 to Sep 10, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101033369, 101070155.

Money

Missing data does not establish zero giving. Display amounts are rounded.

×

Frontera Texas PAC

$160,007.97

Cash
$0.00
Paid by others
$160,007.97
Total
$160,007.97
Other filed descriptions $73,500.00mail $40,000.00mailing $19,429.94texting $18,144.37digital $8,211.55printing $722.11

Also funds 3 other sitting lawmakers.

Derived recipient stock · Nov 5, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Sources

Derived itemized flow · Dec 30, 2025 to Oct 24, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101033369, 101062168, 101070155, 101073001.

×

Texas Sands PAC

$120,875.00

Cash
$113,500.00
Paid by others
$7,375.00
Total
$120,875.00
polling $7,375.00

Also funds 121 other sitting lawmakers.

Derived recipient stock · Jul 3, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Dec 14, 2024 to Sep 25, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100989191, 101033369, 101062168, 101073001.

×

Associated Republicans of Texas Campaign Fund

$22,795.90

Cash
$0.00
Paid by others
$22,795.90
Total
$22,795.90
polling $15,000.00Other filed descriptions $7,352.14texting $443.76

Also funds 20 other sitting lawmakers.

Derived recipient stock · Nov 4, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Dec 15, 2025 to Sep 10, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101033369, 101070155.

Votes

No floor vote loaded for this bill.

Witnesses24
For
6
Against
12
On
6
Names

For

  • Independent Bankers Association of Texaa1 registration
  • Independent Bankers Association of Texas (IBAT)1 registration
  • Self1 registration
  • Self; Texas Regional Bank1 registration
  • Texas Credit Union Association1 registration
  • Texas Economic Development Council1 registration

Against

  • Bexar County Commissioners Court1 registration
  • City of Dallas1 registration
  • City of Denton1 registration
  • City of Fort Worth1 registration
  • City of Irving1 registration
  • City of Temple1 registration
  • County Judges and Commissioners Association of Texas1 registration
  • El Paso County1 registration
  • JPMorganChase1 registration
  • Self; Hilltop Securities Asset Management, LLC1 registration
  • Self; Victoria County1 registration
  • Travis County Commissioners Court1 registration

On

  • City of Temple1 registration
  • Conference of Urban Counties1 registration
  • County Treasurers Assoc of TX1 registration
  • Public Trust Advisors1 registration
  • Self; County Treasurers Association of Texas1 registration
  • Tarrant County Administrator's Office1 registration
Sources

24 parsed registrations across the loaded witness lists.

Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.

House witness list. Source snapshot 2026-10-20, Central time.

Fiscal

No fiscal implication to the State is anticipated.

LBB estimate · fiscal note version H · source

Sources

Fiscal note · version H · May 10, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

Sources

Texas House · Filed Mar 6, 2025

05/15/2025 H Placed on General State Calendar

Texas Legislature Online · Introduced · House Committee Report

Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.

House committee · Pensions, Investments & Financial Services · Committee vote 5 aye, 3 nay, 1 absent · Out of committee

Companion

SB 2329 by Hinojosa, Juan "Chuy" (identical)

Subjects

City Government--Finance

County Government--Finance

Financial--Banks

Text

The text as introduced · 117 words

89R10079 SCL-F

By: Guillen
H.B. No. 3900

A BILL TO BE ENTITLED

AN ACT

relating to investment of local governments' money in banks located

in this state.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 2256.005, Government Code, is amended by

adding Subsection (b-1) to read as follows:

(b-1) The investment policies for a local government must

require at least 35 percent of the local government's funds that the

governing body of the local government determines are available for

investment to be invested in an authorized investment described by

Section 2256.009(a)(7) or (8) or 2256.010 in a bank located in this

state.

SECTION 2. This Act takes effect January 1, 2026.