SB 2223 Texas Senate · 89th Legislature (2025)

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
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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
Photo of Tan Parker
Tan Parker
RRepublican
TX
12