Texas HB3899 restricts the Texas Department of Insurance from adopting rules based on environmental, social, and governance models.

Texas HB3899 amends the Insurance Code to restrict the Texas Department of Insurance from adopting rules that implement or are based on environmental, social, and governance models, ratings, or standards. The bill prohibits rules that measure and consider environmental, social, and governance assessments unless expressly authorized by statute. It also allows for legal challenges to rules adopted in violation of this provision. The changes apply to proposed rules filed after the effective date of the Act, which is September 1, 2025.

Texas HB3899 restricts the Texas Department of Insurance from adopting rules based on environmental, social, and governance models.

Texas HB3899 amends the Insurance Code to restrict the Texas Department of Insurance from adopting rules that implement or are based on environmental, social, and governance models, ratings, or standards. The bill prohibits rules that measure and consider environmental, social, and governance assessments unless expressly authorized by statute. It also allows for legal challenges to rules adopted in violation of this provision. The changes apply to proposed rules filed after the effective date of the Act, which is September 1, 2025.