HB 4468
Toth’s bill barring ex-lawmakers from cashing in on bond work
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 a prohibition on the acceptance of certain compensation or employment by current or former members of the legislature for work involving bond services; creating a criminal offense.
Caption from analyzed text · version I.
Summary
Did bond work while serving? No pay from anyone getting the bond money.
The bill bars a person who did bond work, such as financial advice, bond counsel or underwriting, while serving in the Texas Legislature from taking pay or a job from anyone who gets money from those bonds. The ban lasts until 10 years after the later of the date the bonds were issued or the date the person left the legislature. Breaking the rule becomes a Class A misdemeanor offense for pay or jobs that start on or after September 1, 2025.
Labels
Labels: CREATES AN OFFENSE. The caption of the graded version (introduced) reads: “relating to a prohibition on the acceptance of certain compensation or employment by current or former members of the legislature for work involving bond services; creating a criminal offense.”NEVER GOT A HEARING. Filed Mar 11, 2025 and referred to the House State Affairs committee. No public hearing. The bill died.
Receipt
The receipt
89R-HB4468 · 2025-03-11
SOLD BY
ITEM
relating to a prohibition on the acceptance of certain compensation or employment by current or former members of the legislature for work involving bond services; creating a criminal offense.
WHAT IT DOES
Did bond work while serving? No pay from anyone getting the bond money.
The bill bars a person who did bond work, such as financial advice, bond counsel or underwriting, while serving in the Texas Legislature from taking pay or a job from anyone who gets money from those bonds. The ban lasts until 10 years after the later of the date the bonds were issued or the date the person left the legislature. Breaking the rule becomes a Class A misdemeanor offense for pay or jobs that start on or after September 1, 2025.
CHARGES
[ ] NONE FOUND
TOTAL
No fiscal note in the loaded record.
HISTORY
- Filed
- Read first time
- Referred to State Affairs
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 · Jul 1, 2024 to Mar 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.
Texans for Lawsuit Reform PAC$32,500.00
Texans for Lawsuit Reform PAC
$32,500.00
- Cash
- $32,500.00
- Paid by others
- $0.00
- Total
- $32,500.00
Also funds 124 other sitting lawmakers.
Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamSources
Derived itemized flow · Jul 10, 2024 to Jun 27, 2025. 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: 101005773, 101012329.
Missing data does not establish zero giving. Display amounts are rounded.
Texans for Lawsuit Reform PAC
$32,500.00
- Cash
- $32,500.00
- Paid by others
- $0.00
- Total
- $32,500.00
Also funds 124 other sitting lawmakers.
Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.
TEC account match.
TeamSources
Derived itemized flow · Jul 10, 2024 to Jun 27, 2025. 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: 101005773, 101012329.
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 11, 2025
04/03/2025 H Referred to State Affairs: Apr 3 2025 12:38PM
Texas Legislature Online · Introduced
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · State Affairs · Final status: Died in committee
Subjects
Crimes--Miscellaneous
Legislature
BONDS
Text
The text as introduced · 286 words
By: Toth H.B. No. 4468 A BILL TO BE ENTITLED AN ACT relating to a prohibition on the acceptance of certain compensation or employment by current or former members of the legislature for work involving bond services; creating a criminal offense. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 572, Government Code, is amended by adding Section 572.062 to read as follows: Sec. 572.062. CERTAIN COMPENSATION AND EMPLOYMENT BY CURRENT OR FORMER MEMBERS OF LEGISLATURE PROVIDING BOND SERVICES PROHIBITED. (a) Notwithstanding any other law, an individual may not accept compensation or employment from a person that receives money from any proceeds in connection with the issuance of bonds if the individual provided financial advice, bond counsel, bond underwriting, or another professional service associated with the issuance of the bonds while the individual was a member of the legislature. (b) The prohibition under Subsection (a) applies until the 10th anniversary of the later of: (1) the date the bonds are issued; or (2) the date the individual ceases to be a member of the legislature. (c) A person commits an offense if the person violates this section. An offense under this section is a Class A misdemeanor. SECTION 2. Section 572.062, Government Code, as added by this Act, applies only to compensation paid or employment that commences on or after the effective date of this Act. Compensation that is paid or employment that commences before the effective date of this Act is governed by the law in effect on the date the compensation was paid or the employment commenced, and the former law is continued in effect for that purpose. SECTION 3. This Act takes effect September 1, 2025.