Minutes — Senate Committee on Business & Commerce (August 27, 2024)

Summary

Minutes of the Senate Committee on Business & Commerce public hearing on Tuesday, August 27, 2024, at Austin, Texas. Senator Charles Schwertner, Chair, called the meeting to order at 9:00 AM, and Senator Creighton arrived after the roll was called. The Chair laid out interim charges on Artificial Intelligence and on the Texas Energy Fund, the latter described as established by Senate Bill 2627, the Powering Texas Forward Act, as passed by the 88th Legislature. Senator King moved at 12:58 PM that the committee stand recessed subject to the call of the Chair.

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MINUTES

SENATE
COMMITTEE ON BUSINESS & COMMERCE

Tuesday,
August 27, 2024

9:00
AM

Capitol
Extension, Room E1.012

*****

Pursuant to a notice
posted in accordance with Senate Rule 11.10 and 11.18, a public hearing of the
Senate Committee on Business & Commerce was held on Tuesday, August 27,
2024, in the Capitol Extension, Room E1.012, at Austin, Texas.

*****

MEMBERS PRESENT: | MEMBERS ABSENT:
Senator Charles
 Schwertner, Chair | Senator José Menéndez
Senator Phil King, Vice
 Chair
Senator Brian Birdwell
Senator Donna Campbell
Senator Brandon
 Creighton
Senator Nathan Johnson
Senator Lois Kolkhorst
Senator Mayes Middleton
Senator Robert Nichols
Senator Judith
 Zaffirini

*****

The Chair called the
meeting to order at 9:00 AM. There being a quorum present, the following
business was transacted:

The following member
arrived after the roll was called: Senator Creighton

The Chair laid out the
following interim charges and opened invited testimony (see attached

witness list) for
discussion:

Artificial Intelligence:
Examine the development and utilization of artificial intelligence (AI).
Evaluate the implications of AI adoption across the public and private sectors.
Make recommendations for a responsible regulatory framework for AI development,
including data privacy, industry standards, consumer protections, risk
mitigation, and compliance processes. Propose any necessary changes to state
law to protect the Texas radio, television, music, and film industries against
unauthorized use by AI. Monitor the findings of the Texas Artificial
Intelligence Advisory Council.

Senator King assumed the
chair.

Senator Schwertner
resumed the chair.

Texas Energy Fund: Review
and report on the impact of Senate Bill 2627, the Powering Texas Forward Act,
as passed by the 88th Legislature, which established the Texas Energy Fund
(TEF) to provide grants and loans to finance the construction, maintenance,
modernization, and operation of electric facilities in Texas.

Witnesses testifying and
registering on the bill are shown on the attached list.

The Chair moved that the
public testimony be closed; without objection, it was so ordered.

There being no further
business, at 12:58 PM Senator King moved that the Committee stand recessed
subject to the call of the Chair. Without objection, it was so ordered.

__________________________________________

Senator Charles
Schwertner, Chair

__________________________________________

Annika Vandayar, Clerk

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