Relating to amendments to the Uniform Commercial Code, including amendments concerning certain intangible assets and the perfection of security interests in those assets.
SB 2223 amends Texas' Uniform Commercial Code to clarify rules for digital and intangible assets, such as digital tokens or online accounts. It adds a definition for "Electronic" (covering digital/magnetic technology) and updates terms like "Holder" to include control of digital documents of title. This affects businesses and lenders dealing with digital assets by standardizing how security interests (like loans secured by digital property) are established and enforced. The bill modernizes existing UCC language for the digital age without creating new financial obligations or penalties.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 11, 2025
Last action Mar 25, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Mar 25, 2025
Committee
Referred to Business & Commerce
upper
Mar 25, 2025
Introduced
Read first time
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tan Parker
RRepublican
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