Monitoring the Session

SB 2329

bill steering local investment money to Texas banks

Died in committee

Verdict: No flags

No flagsInitial review
Sen. Juan "Chuy" HinojosaDSenate 20

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 funds.

The bill requires every local government's investment policy to put at least 35 percent of the money it has available to invest into certain deposits or certificates of deposit held at banks located in Texas. It touches cities, counties, school districts and other local governments that invest public funds, and the Texas banks that would hold that money. Starting January 1, 2026, local governments would have to move or keep more than a third of their investable funds in Texas bank products instead of other allowed investments.

Labels

Labels: QUICK READ: 119 WORDS. The bill as filed runs 119 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).NEVER GOT A HEARING. Filed Mar 12, 2025 and referred to the Senate Local Government committee. No public hearing. The bill died.

Receipt

The receipt

89R-SB2329 · 2025-03-12

SOLD BY

Sen. Juan "Chuy" HinojosaDSenate 20

ITEM

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

WHAT IT DOES

At least 35 percent of investable funds.

The bill requires every local government's investment policy to put at least 35 percent of the money it has available to invest into certain deposits or certificates of deposit held at banks located in Texas. It touches cities, counties, school districts and other local governments that invest public funds, and the Texas banks that would hold that money. Starting January 1, 2026, local governments would have to move or keep more than a third of their investable funds in Texas bank products instead of other allowed investments.

CHARGES

[ ] NONE FOUND

TOTAL

No fiscal note in the loaded record.

HISTORY

  1. Received by the Secretary of the Senate
  2. Filed
  3. Read first time
  4. Referred to Local Government
FILED UNDER

No verified beat found.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

CAMPAIGN PAID FOR BY

Juan "Chuy" Hinojosa

Donors

Texans for Lawsuit Reform PAC$18KTexas Trial Lawyers Association PAC$15KAssociated General Contractors of Texas PAC$15K

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 23, 2024 to Jun 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.

Texans for Lawsuit Reform PAC$17,500.00

Texans for Lawsuit Reform PAC

$17,500.00

Cash
$17,500.00
Paid by others
$0.00
Total
$17,500.00

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.

Team
Sources

Derived itemized flow · Sep 3, 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: 100977616, 101009664.

Texas Trial Lawyers Association PAC$15,000.00

Texas Trial Lawyers Association PAC

$15,000.00

Cash
$15,000.00
Paid by others
$0.00
Total
$15,000.00

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.

Team
Sources

Derived itemized flow · Jul 24, 2024 to Nov 25, 2024. 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: 100977616.

Associated General Contractors of Texas PAC$15,000.00

Associated General Contractors of Texas PAC

$15,000.00

Cash
$15,000.00
Paid by others
$0.00
Total
$15,000.00

Also funds 120 other sitting lawmakers.

Derived recipient stock · Jul 19, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Oct 25, 2024 to Jun 15, 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: 100977616, 101059341.

Money

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

×

Texans for Lawsuit Reform PAC

$17,500.00

Cash
$17,500.00
Paid by others
$0.00
Total
$17,500.00

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.

Team
Sources

Derived itemized flow · Sep 3, 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: 100977616, 101009664.

×

Texas Trial Lawyers Association PAC

$15,000.00

Cash
$15,000.00
Paid by others
$0.00
Total
$15,000.00

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.

Team
Sources

Derived itemized flow · Jul 24, 2024 to Nov 25, 2024. 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: 100977616.

×

Associated General Contractors of Texas PAC

$15,000.00

Cash
$15,000.00
Paid by others
$0.00
Total
$15,000.00

Also funds 120 other sitting lawmakers.

Derived recipient stock · Jul 19, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team
Sources

Derived itemized flow · Oct 25, 2024 to Jun 15, 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: 100977616, 101059341.

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 Senate · Filed Mar 12, 2025

03/25/2025 S Referred to Local Government

Texas Legislature Online · Introduced

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

Senate committee · Local Government · Final status: Died in committee

Companion

HB 3900 by Guillen (identical)

Subjects

City Government--Finance

County Government--Finance

Financial--Banks

Text

The text as introduced · 119 words

89R10079 SCL-F

By: Hinojosa of Hidalgo
S.B. No. 2329

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.