89R3373 MPF-D     By: Bettencourt S.B. No. 3041       A BILL TO BE ENTITLED   AN ACT   relating to increasing the criminal penalties for insider trading   and other misuse of official information.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 39.06, Penal Code, is amended by   amending Subsection (e) and adding Subsection (g) to read as   follows:          (e)  Except as provided by Subsection (g) [(f)], an offense   under this section is a felony of the third degree.          (g)  If the commission of an offense under this section   results in a net pecuniary gain to the person committing the   offense, the offense is:                (1)  a felony of the third degree if the net pecuniary   gain is less than $150,000;                (2)  a felony of the second degree if the net pecuniary   gain is $150,000 or more but less than $300,000; or                (3)  a felony of the first degree if the net pecuniary   gain is $300,000 or more.          SECTION 2.  Section 39.06(f), Penal Code, is repealed.          SECTION 3.  The change in law made by this Act applies only   to an offense committed on or after the effective date of this Act.   An offense committed before the effective date of this Act is   governed by the law in effect on the date the offense was committed,   and the former law is continued in effect for that purpose.  For   purposes of this section, an offense was committed before the   effective date of this Act if any element of the offense occurred   before that date.          SECTION 4.  This Act takes effect September 1, 2025.