Published in TX Capitol Update November 2024

Artificial Intelligence and Texas  

CFA Texas Advocacy Committee has submitted comments from the CFA Institute  on a  41 page legislative proposal entitled, Texas Responsible AI Governance Act. The bill seeks to establish Artificial Intelligence standards in Texas.  

This legislation has not been filed. Chairman Capriglione is gathering information from stakeholders so that input can be incorporated before his bill is filed. 

The comments from the Advocacy Committee have been provided to Chairman Giovanni Capriglione (R- Grapevine) and his committee members Jeff Leach (R- Allen); Oscar Longoria (D- Mission); Angelia Orr (R- Itasca); and Armando Walle (D-Houston).

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CFA Texas Advocacy Committee

CFA Societies of Texas represents over 3,800 members of CFA Society chapters in Austin, Dallas-Fort Worth, Houston and San Antonio.  Members from each of these Texas Societies serve on the Advocacy Committee created in 2014 to advocate for individual investors in the state of Texas.

CFA Texas Advocacy supports improving the investment environment for every individual in Texas through regulation and legislation that:

• Encourages an investment environment where an investor's interest is always put first and advisors are required to act in the investor's best interest
• Fosters transparency and full disclosure of conflicts of interest, potential conflicts and costs
• Supports effective oversight of advisory practices and the enforcement of relevant regulations

The Advocacy Committee provides regulators and legislatures access to financial services industry subject matter experts.  Our CFA Charterholders members are a valuable resource whenever a financial or investment industry related issue arises where legislators or regulators desire assistance.