CS/HB 381: Office of Financial Regulation
GENERAL BILL by Insurance & Banking Subcommittee ; Barnaby
Office of Financial Regulation; Requires loan originators, mortgage brokers, & mortgage lenders & money services businesses to develop, implement, & maintain comprehensive written information security programs for protection of information systems & nonpublic personal information & to establish written incident response plans; provides requirements for notices of security breaches; revises list of actions by money services businesses which constitute grounds for disciplinary actions & penalties; provides requirements for emergency orders that suspend money services business licenses; provides that debit card transaction shall be treated same as cash transactions & prohibits redemption through credit card transaction; requires financial institutions to take measures to protect & secure certain data that contain personal information; provides requirements for notices of security breaches to office, DLA, certain individuals, & certain credit reporting agencies; revises timeline for mailing of payment for salary & travel expenses of certain field staff; revises requirements for permission to organize credit unions; removes provisions that impose limitations on investments in real estate & equipment for credit unions; revises requirements & factors for approving applications for organizing banks & trust companies; revises requirements for directors of certain banks & trust companies.
Last Action: 1/23/2026 House - 1st Reading (Committee Substitute 1)
Bill Text: PDF
-
Bill History
Date Chamber Action 11/6/2025 House • Filed
11/18/2025 House • Referred to Insurance & Banking Subcommittee
• Referred to Information Technology Budget & Policy Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/13/2026 House • 1st Reading (Original Filed Version)
1/16/2026 House • Added to Insurance & Banking Subcommittee agenda
1/21/2026 House • Favorable with CS by Insurance & Banking Subcommittee
1/23/2026 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
-
CS/HB 381, Committee Substitute 1 (Current Bill Version) Posted 1/23/2026 at 9:24 AM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 777 Pub. Rec./Office of Financial Regulation Barnaby Linked Last Action: 1/22/2026 H Now in Government Operations Subcommittee 
S 540 (c1) Office of Financial Regulation Martin Similar Last Action: 1/22/2026 S CS by Banking and Insurance read 1st time
S 1440 Public Records/Office of Financial Regulation/Cybersecurity Event Martin Compare Last Action: 1/23/2026 S On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
Citations - Statutes (19)
Citation Catchline Location in Bill Location In Bill Help 494.00123 Page 5 (pdf) 494.00255 Administrative penalties and fines; license violations. Page 13 (pdf) 517.021 Definitions. Page 14 (pdf) 517.061 Exempt transactions. Page 17 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 46 (pdf) 520.135 Page 18 (pdf) 560.114 Disciplinary actions; penalties. Page 18 (pdf) 560.1311 Page 25 (pdf) 560.309 Conduct of business. Page 34 (pdf) 560.405 Deposit; redemption. Page 35 (pdf) 560.406 Worthless checks. Page 35 (pdf) 655.0171 Page 36 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 40 (pdf) 657.005 Application for authority to organize a credit union; investigation. Page 41 (pdf) 657.024 Membership meetings. Page 41 (pdf) 657.042 Investment powers and limitations. Page 42 (pdf) 658.21 Approval of application; findings required. Page 43 (pdf) 658.33 Directors, number, qualifications; officers. Page 44 (pdf) 662.141 Examination, investigations, and fees. Page 45 (pdf) -
HB 381, Original Filed Version Posted 11/6/2025 at 1:20 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 1/23/2026 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 777 Pub. Rec./Office of Financial Regulation Barnaby Linked Last Action: 1/22/2026 H Now in Government Operations Subcommittee
S 540 (c1) Office of Financial Regulation Martin Similar Last Action: 1/22/2026 S CS by Banking and Insurance read 1st time
S 1440 Public Records/Office of Financial Regulation/Cybersecurity Event Martin Compare Last Action: 1/23/2026 S On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 131629 - Strike All Amendment
Remove everything after the enacting clause and insert:Barnaby 1/20/2026
5:05 PMAdopted without Objection
1/22/2026PDF Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 494.00123 Page 5 (pdf) 494.00255 Administrative penalties and fines; license violations. Page 15 (pdf) 517.021 Definitions. Page 15 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 62 (pdf) 559.952 Financial Technology Sandbox. Page 18 (pdf) 560.114 Disciplinary actions; penalties. Page 36 (pdf) 560.1311 Page 42 (pdf) 655.0171 Page 52 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 56 (pdf) 657.005 Application for authority to organize a credit union; investigation. Page 57 (pdf) 657.024 Membership meetings. Page 57 (pdf) 657.042 Investment powers and limitations. Page 58 (pdf) 658.21 Approval of application; findings required. Page 59 (pdf) 658.33 Directors, number, qualifications; officers. Page 60 (pdf) 662.141 Examination, investigations, and fees. Page 61 (pdf)