88R8793 MPF-D     By: Meyer H.B. No. 1899       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  Section 39.06(f), Penal Code, is repealed.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.  (a) The changes in law made by this Act apply   only to an offense committed on or after the effective date of this   Act. For purposes of this section, an offense is committed before   the effective date of this Act if any element of the offense occurs   before the effective date.          (b)  An offense committed before the effective date of this   Act is covered by the law in effect when the offense was committed,   and the former law is continued in effect for that purpose.          SECTION 4.  This Act takes effect September 1, 2023.