---
type: "Bill"
title: "Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security."
description: "Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security."
jurisdiction: "us/states/tx"
legislature: "Texas Legislature"
session: "87"
identifier: "SB 1280"
citation: "Texas SB 1280 (87)"
classification: ["bill"]
subjects: ["Business & Commerce--General (I0050)", "Financial--General (I0365)", "THE SECURITIES ACT (P0156)"]
status: "enacted"
primary_sponsors: ["Anchia", "Hancock"]
version_count: 5
action_count: 44
vote_count: 0
first_action: "2021-03-09"
last_action: "2021-05-15"
source: "openstates"
source_identifier: "ocd-bill/90bac8e1-ba48-4a82-be9f-5a14ce01a90a"
source_url: "ftp://ftp.legis.state.tx.us/bills/87R/billhistory/senate_bills/SB01200_SB01299/SB 1280.xml"
source_hash: "f583e8e45ba972538ff96185e5ebaf1a23db7e3d72655a1c4b0ade6a85fcd5c7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tx"]
---

# Texas SB 1280 (87) — Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01280I.HTM)
2. **Engrossed** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01280E.HTM)
3. **House Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01280H.HTM)
4. **Senate Committee Report** (committee substitute) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01280S.HTM)
5. **Enrolled** (enrolled) — [source](http://capitol.texas.gov/tlodocs/87R/billtext/html/SB01280F.HTM)

## Sponsors

- Anchia — primary (person)
- Hancock — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-03-09** Received by the Secretary of the Senate `filing`
- **2021-03-09** Filed `filing`
- **2021-03-18** Read first time `introduction, reading-1`
- **2021-03-18** Referred to Business & Commerce `referral-committee`
- **2021-03-30** Scheduled for public hearing on . . .
- **2021-03-30** Considered in public hearing
- **2021-03-30** Testimony taken in committee
- **2021-03-31** Reported favorably w/o amendments `committee-passage-favorable`
- **2021-03-31** Recommended for local & uncontested calendar
- **2021-03-31** Committee report printed and distributed
- **2021-04-09** Placed on local & uncontested calendar
- **2021-04-09** Laid before the Senate
- **2021-04-09** Read 2nd time & passed to engrossment
- **2021-04-09** Vote recorded in Journal
- **2021-04-09** Three day rule suspended
- **2021-04-09** Record vote
- **2021-04-09** Read 3rd time `reading-3`
- **2021-04-09** Passed `passage`
- **2021-04-09** Record vote
- **2021-04-09** Reported engrossed
- **2021-04-12** Received from the Senate `introduction`
- **2021-04-14** Read first time `introduction, reading-1`
- **2021-04-14** Referred to Pensions, Investments & Financial Services `referral-committee`
- **2021-04-23** Considered in formal meeting
- **2021-04-23** Recommended to be sent to Local & Consent `referral-committee`
- **2021-04-23** Reported favorably w/o amendment(s) `committee-passage`
- **2021-04-27** Comte report filed with Committee Coordinator
- **2021-04-27** Committee report distributed
- **2021-04-27** Comm. report sent to Local & Consent Calendar
- **2021-04-30** Laid out in lieu of companion
- **2021-04-30** Read 2nd time `reading-2`
- **2021-04-30** Passed to 3rd reading
- **2021-04-30** Nonrecord vote recorded in Journal
- **2021-04-30** Read 3rd time `reading-3`
- **2021-04-30** Passed `passage`
- **2021-04-30** Record vote
- **2021-04-30** Nonrecord vote recorded in Journal
- **2021-05-03** House passage reported
- **2021-05-03** Reported enrolled
- **2021-05-04** Signed in the Senate
- **2021-05-04** Signed in the House
- **2021-05-04** Sent to the Governor `executive-receipt`
- **2021-05-15** Signed by the Governor `executive-signature`
- **2021-05-15** Effective on 1/1/22 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/90bac8e1-ba48-4a82-be9f-5a14ce01a90a`. Confidence: reported (aggregated from official Texas legislature records).