88R10652 JES-D     By: Thierry H.B. No. 2845       A BILL TO BE ENTITLED   AN ACT   relating to reporting requirements for bank loans made to African   American-owned businesses.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subtitle Z, Title 3, Finance Code, is amended by   adding Chapter 272 to read as follows:   CHAPTER 272. REPORTING REQUIREMENTS FOR BANK LOANS TO CERTAIN   BUSINESSES          Sec. 272.001.  DEFINITIONS. (a) In this chapter, "African   American-owned business" means a business entity that is at least   51 percent owned by one or more African Americans.          (b)  The definitions provided by Section 31.002 apply to this   chapter.          Sec. 272.002.  ANNUAL REPORT REQUIRED. Not later than March   1 of each year, each bank doing business in this state that makes   loans to businesses shall submit a report to the finance commission   in the form and manner prescribed by the commission on loans made by   the bank during the previous calendar year to African   American-owned businesses. The report must include:                (1)  the total dollar value of loans made by the bank to   African American-owned businesses; and                (2)  the amount loaned to African American-owned   businesses as a percentage of the total amount of loans made by the   bank to businesses during that calendar year.          Sec. 272.003.  ONLINE PUBLICATION OF REPORT. (a) The   finance commission shall provide the reports submitted under   Section 272.002 to the banking commissioner. The banking   commissioner shall publish and maintain the information from the   reports on the department's Internet website in a form determined   by the commissioner.          (b)  The information published under Subsection (a) must be:                (1)  available to the public; and                (2)  displayed in a manner that shows the reported   information disaggregated by bank.          Sec. 272.004.  RULES. The finance commission shall adopt   rules necessary to implement this chapter.          SECTION 2.  As soon as practicable after the effective date   of this Act, the Finance Commission of Texas shall adopt the rules   necessary to implement Chapter 272, Finance Code, as added by this   Act.          SECTION 3.  This Act takes effect September 1, 2023.