HB 4258
Reynolds’s bill putting $250M of rainy day fund in Bitcoin
Died in committee
Verdict: No flags
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 the authority of the comptroller of public accounts and certain political subdivisions of this state to invest certain money in cryptocurrencies.
Caption from analyzed text · version I.
Summary
Any city or county gets up to $10M too.
This bill lets the state comptroller put up to $250 million of the state's rainy day fund into Bitcoin or other cryptocurrencies. It also lets any city or county put up to $10 million of its own money into Bitcoin or other cryptocurrencies. The investments are optional, and the new authority starts September 1, 2025.
Labels
Labels: NEVER GOT A HEARING. Filed Mar 10, 2025 and referred to the House Delivery of Government Efficiency committee. No public hearing. The bill died.
Receipt
The receipt
89R-HB4258 · 2025-03-10
SOLD BY
ITEM
relating to the authority of the comptroller of public accounts and certain political subdivisions of this state to invest certain money in cryptocurrencies.
WHAT IT DOES
Any city or county gets up to $10M too.
This bill lets the state comptroller put up to $250 million of the state's rainy day fund into Bitcoin or other cryptocurrencies. It also lets any city or county put up to $10 million of its own money into Bitcoin or other cryptocurrencies. The investments are optional, and the new authority starts September 1, 2025.
CHARGES
[ ] NONE FOUND
TOTAL
No fiscal note in the loaded record.
HISTORY
- Filed
- Read first time
- Referred to Delivery of Government Efficiency
FILED UNDER
No verified beat found.
THANK YOU FOR CHECKING THE RECEIPT
CAMPAIGN PAID FOR BY
CAMPAIGN PAID FOR BY
Donors
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 · Oct 29, 2024 to Oct 19, 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.
Texas Sands PAC$30,000.00
Texas Sands PAC
$30,000.00
- Cash
- $30,000.00
- Paid by others
- $0.00
- Total
- $30,000.00
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.
TeamSources
Derived itemized flow · Dec 5, 2024 to Feb 19, 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: 100982635, 101040208.
Texas Trial Lawyers Association PAC$25,000.00
Texas Trial Lawyers Association PAC
$25,000.00
- Cash
- $25,000.00
- Paid by others
- $0.00
- Total
- $25,000.00
Also funds 137 other sitting lawmakers.
Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamSources
Derived itemized flow · Nov 27, 2024 to Jan 16, 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: 100982635, 101028685, 101035822.
Texas House Democratic Campaign Committee$7,000.00
Texas House Democratic Campaign Committee
$7,000.00
- Cash
- $7,000.00
- Paid by others
- $0.00
- Total
- $7,000.00
Also funds 9 other sitting lawmakers.
Derived recipient stock · Oct 15, 2024 to Oct 15, 2026. State data as of Nov 4, 2026.
Name match, not a verified identity: normalized filed name and state.
TeamSources
Derived itemized flow · on Apr 30, 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: 101057584.
Missing data does not establish zero giving. Display amounts are rounded.
Texas Sands PAC
$30,000.00
- Cash
- $30,000.00
- Paid by others
- $0.00
- Total
- $30,000.00
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.
TeamSources
Derived itemized flow · Dec 5, 2024 to Feb 19, 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: 100982635, 101040208.
Texas Trial Lawyers Association PAC
$25,000.00
- Cash
- $25,000.00
- Paid by others
- $0.00
- Total
- $25,000.00
Also funds 137 other sitting lawmakers.
Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamSources
Derived itemized flow · Nov 27, 2024 to Jan 16, 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: 100982635, 101028685, 101035822.
Texas House Democratic Campaign Committee
$7,000.00
- Cash
- $7,000.00
- Paid by others
- $0.00
- Total
- $7,000.00
Also funds 9 other sitting lawmakers.
Derived recipient stock · Oct 15, 2024 to Oct 15, 2026. State data as of Nov 4, 2026.
Name match, not a verified identity: normalized filed name and state.
TeamSources
Derived itemized flow · on Apr 30, 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: 101057584.
Votes
No floor vote loaded for this bill.
Fiscal
No fiscal note in the loaded record.
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 10, 2025
04/01/2025 H Referred to Delivery of Government Efficiency: Apr 1 2025 12:28PM
Texas Legislature Online · Introduced
Data snapshot Oct 26, 2026 at 6:51 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Delivery of Government Efficiency · Final status: Died in committee
Subjects
City Government--Finance
County Government--Finance
Electronic Information Systems
Financial--General
State Finances--Management & Control
CURRENCY & CURRENCY EXCHANGE
Text
The text as introduced · 222 words
89R10948 CS-D By: Reynolds H.B. No. 4258 A BILL TO BE ENTITLED AN ACT relating to the authority of the comptroller of public accounts and certain political subdivisions of this state to invest certain money in cryptocurrencies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 404.001, Government Code, is amended by adding Subdivisions (1) and (1-a) to read as follows: (1) "Bitcoin" means a type of decentralized cryptocurrency created by a peer-to-peer network that operates independently of any central authority or bank. (1-a) "Cryptocurrency" means a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain. SECTION 2. Section 404.0241, Government Code, is amended by adding Subsection (a-1) to read as follows: (a-1) The comptroller may invest not more than $250 million of the economic stabilization fund balance in Bitcoin or another cryptocurrency. SECTION 3. Subchapter A, Chapter 2256, Government Code, is amended by adding Section 2256.0165 to read as follows: Sec. 2256.0165. AUTHORIZED INVESTMENTS: CRYPTOCURRENCY. (a) In this section, "Bitcoin" and "cryptocurrency" have the meanings assigned by Section 404.001. (b) A municipality or county may invest not more than $10 million of its funds or funds under its control in Bitcoin or another cryptocurrency. SECTION 4. This Act takes effect September 1, 2025.