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Vinson & Elkins LLP

Texas Hold ‘Em: New Law Requires Proxy Advisors to Show Their Cards if “Nonpecuniary” Factors Guide Voting Recommendations

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On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 (“SB 2337”), a novel regulation that will require significant disclosure obligations for proxy advisors, such as ISS and Glass Lewis, for their voting...more

Bracewell LLP

Boots Down for Bitcoin: Texas Leads the Charge With One-of-a-Kind Bitcoin Reserve

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Texas recently cemented its position as a cryptocurrency and business-friendly jurisdiction with the enactment of SB 21. Signed on June 20, 2025, SB 21 establishes the Texas Strategic Bitcoin Reserve, a state-managed fund...more

Porter Hedges LLP

Texas House Bill 40 Will Reshape the New Texas Business Courts

Porter Hedges LLP on

On June 1, 2025, the Texas legislature passed HB 40, and Governor Greg Abbott signed it on June 21, 2025. The new law helps further define the jurisdiction of Texas’s Business Courts, originally established in 2023. This is...more

Jones Day

Texas Enacts New Law to Regulate Proxy Advisory Firms

Jones Day on

On June 20, 2025, Texas Governor Greg Abbott signed Senate Bill 2337 ("SB 2337") to impose first-of-its-kind regulation and significant disclosure obligations on proxy advisors, such as ISS and Glass Lewis. SB 2337 aims to...more

Pillsbury Winthrop Shaw Pittman LLP

Texas Signals Its Commitment to Leading America’s Nuclear Energy Future Through Industry-Friendly Legislation

Pillsbury Winthrop Shaw Pittman LLP on

Texas emerged from its 89th legislative session with a sweeping set of laws aimed at cementing the state’s leadership in advanced nuclear energy. Through the passage of HB 14, SB 1535 and SB 1061, lawmakers demonstrated a...more

Sheppard Mullin Richter & Hampton LLP

Big State, Big Scrutiny: Texas Steps into the Foreign Investment Review Arena

Sheppard Mullin Richter & Hampton LLP on

Recently, the Texas House of Representatives introduced HB 5007, along with its companion bill SB 2117. The legislation—“Relating to the establishment of the Texas Committee on Foreign Investment to review certain...more

Frost Brown Todd

Texas Bill Could Eliminate PSF Guaranty on School Bonds

Frost Brown Todd on

Pursuant to Section 45.052 of the Texas Education Code, school district and charter school bonds (including refunding bonds) are eligible to be guaranteed by the corpus and income of the Permanent School Fund (PSF). If...more

Katten Muchin Rosenman LLP

Will Texas Become the First State To Enact a “Mini-CFIUS” Review Process?

Katten Muchin Rosenman LLP on

On March 13, 2025, the Texas Legislature introduced HB 5007, which, if enacted, could establish the first US state regime tasked with screening foreign investments on national security grounds....more

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