Skip to main content

HB 4258

AN ACT relating to the authority of the comptroller of public accounts and

House Bill • Reynolds | Plesa
Filed

Filed

Bill introduced by legislator

Committee

Hearing

Passed Cmte

Calendar

Passed

Sent

Enrolled

Governor

Signed

89th Regular Session

Jan 14, 2025 - Jun 2, 2025 • Session ended

Awaiting Committee Assignment

Bill filed, pending referral to House committee

← Back to Bills

Committee

Not yet assigned

Fiscal Note

Not available

What This Bill Does

relating to the authority of the comptroller of public accounts and

Subject Areas

Electronic Information Systems County Government--Finance City Government--Finance State Finances--Management & Control Financial--General CURRENCY & CURRENCY EXCHANGE

Bill Text

relating to the authority of the comptroller of public accounts and
certain political subdivisions of this state to invest certain
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
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
SECTION 4.  This Act takes effect September 1, 2025.

Bill History

filed

Bill filed: AN ACT relating to the authority of the comptroller of public accounts and

Related Guides

Learn more about tracking Texas legislation and working with lobbyists.

How to Read & Track Texas Bills

Master bill numbering, understand legislative language, and learn effective tracking strategies.

Understanding Texas Legislative Deadlines

Navigate the 140-day session with critical calendar dates and filing deadlines.

How Laws Get Made in Texas

Follow a bill's journey from filing to the governor's desk through committees and floor votes.

When Should Your Business Hire a Lobbyist?

Discover the signs that your business needs professional advocacy at the Texas Capitol.