The Texas Title Insurance Tax – Jefferson County

HB 4239 & SB 2203: The Texas Title Insurance Monopoly

Testimony on HB 4239 and SB 2203 by Bill Peacock

Heavy Regulation, High Profits, and Wasteful Spending

Texas has the most restrictive regulation of title rates and forms (policies) in the nation, allowing no opportunity for insurers to innovate with their products or lower rates to compete for business directly from the consumer. Texas should introduce competition into the title insurance market by moving to a file-and-use system.

Reinvigorating Federalism and Fiscal Discipline in Texas: Establishing the Office of State Sovereignty

Texas governments received $84.3 billion in federal funding in 2023, raising concerns over financial dependency and regulatory consequences. Creating an Office of State Sovereignty to monitor the application, receipt, and conditions of this aid could mitigate fiscal risk and improve transparency. Key points: Texas lacks a centralized system to oversee federal grants potentially flowing to...