Relating to: funding for the Department of Financial Institutions for contributions to Trump accounts and making an appropriation. (FE)
AB 997 increases funding by $60 million for the Department of Financial Institutions for payments to "Trump accounts" in fiscal years 2025-26 and 2026-27, contingent on statutory authorization. The bill directly affects the department’s budget and its ability to make these specific payments. It modifies existing appropriations under Section 20.144 (1) (g) without changing the department’s core responsibilities. This is a procedural budget adjustment, not a substantive policy change. The bill is currently pending in the Financial Institutions committee.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Feb 2026
Assembly Passage
Feb 2026
Senate Passage
Governor
Introduced Feb 2, 2026
Last action Mar 23, 2026
Floor votes · Assembly Feb 19, 2026
How they voted
61–35
Passed
Total votes 96
Feb 19, 2026
D
Democratic43
79% Nay
R
Republican53
98% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
3
Committee
2
Amendments
4
Mar 23, 2026
Amended
Failed to concur in pursuant to Senate Joint Resolution 1
upper
Feb 19, 2026
Lower · Passed
Read a third time and passed, Ayes 62, Noes 35
lower
Feb 19, 2026
Lower · Passed
Assembly Substitute Amendment 2 adopted
lower
Feb 19, 2026
Introduced
Assembly Substitute Amendment 2 offered by Representative Behnke
lower
Feb 19, 2026
Introduced
Assembly Substitute Amendment 1 offered by Representative Cruz
lower
Feb 11, 2026
Committee
Referred to committee on Rules
lower
Feb 11, 2026
Lower · Passed
Report passage recommended by Committee on Financial Institutions, Ayes 8, Noes 1
lower
Feb 2, 2026
Introduced
Introduced by Representatives Behnke, Gundrum, Kreibich, Maxey, Moses, Murphy, Piwowarczyk, Rodriguez and Tucker;
cosponsored by Senators Cabral-Guevara and Quinn
lower
9 primary · 0 co-sponsors
Sponsors
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