Texas HB4857 creates the Fiscal Risk Management Commission to study and plan for economic risks.

HB4857 establishes the Fiscal Risk Management Commission in Texas to study and address economic risks. The commission, composed of seven members, will analyze federal fiscal policy, the impact of a U.S. dollar collapse, and the effects of cyberterrorism and energy embargoes. It will consult with private entities specializing in fiscal risk management. The commission will develop a biennial plan and submit reports to the governor and legislature every two years. Members serve without compensation but are reimbursed for expenses. The commission's first report is due by September 1, 2026.

Texas HB4857 creates the Fiscal Risk Management Commission to study and plan for economic risks.

HB4857 establishes the Fiscal Risk Management Commission in Texas to study and address economic risks. The commission, composed of seven members, will analyze federal fiscal policy, the impact of a U.S. dollar collapse, and the effects of cyberterrorism and energy embargoes. It will consult with private entities specializing in fiscal risk management. The commission will develop a biennial plan and submit reports to the governor and legislature every two years. Members serve without compensation but are reimbursed for expenses. The commission's first report is due by September 1, 2026.