The Committee Substitute for Senate Bill 69 appropriately puts in statute a lower sufficient fund balance for the Economic Stabilization Fund (ESF) but inappropriately risks some taxpayer dollars in the ESF to chase higher returns.
Chuck DeVore’s Testimony Before the Texas House Committee on Homeland Security, Public Safety & Veterans’ Affairs | Protecting Texas Critical Infrastructure
Protecting Texas Critical Infrastructure Testimony of Chuck DeVore Senior Fellow, Chief National Initiatives Officer Texas Public Policy Foundation Chairman, members of the committee: thank you for the opportunity to testify. Texas’s electric grid, energy facilities, water systems, ports, and other critical infrastructure underpin our economy and national security. Disruptions cascade fast—as Winter Storm Uri and...