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House Committee on Financial Institutions - 68th R.S. (1983)

Committee Members
Bill Coody, Chair
Ralph Wallace, Vice Chair
Nolan 'Buzz' Robnett, Chair - Budget & Oversight
Gordon 'Doc' Arnold
Bill Hammond
Jan McKenna
David Patronella
Sam Russell
Brad Wright
Charges
• To monitor all activities and have budget oversight responsibilities for those agencies, boards and commissions as listed in Rule 3, Section 11.
• To study the effect on the Texas economy of interstate banking and the rise of financial service conglomerates.
• To study state law regarding electronic fund transfer systems and the effect thereof on the Texas economy.
• To review lending business practices regarding foreclosure, setoff, and other self-help remedies, and the laws and regulations governing such practices.
• To review the costs and benefits associated with escrow accounts held by financial institutions.
• To review the feasibility and need of rule-making authority for the Consumer Credit Commission.
• To review the feasibility of investment of state funds using a depository trust company for the facilitation of transfer of ownership interest.
• To review the possibility and effect of deregulation of interest rates for various loans.
• To review the operation of the bond business as conducted in state administrative agencies.
• To review the business activities of subsidiary corporations and financial institutions and the laws and regulations relative thereto.
• To review the feasibility of investment of state funds held by the Treasury in commercial papers.

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