Texas Requires High-Speed Rail Project Developers to Submit Financing and Route Details

Original title: Relating to provision to the Texas Department of Transportation of information regarding certain high-speed rail projects.

Last action · May 29, 2025: Effective on 9/1/25Sponsors: Cody Harris and 9 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Does

Texas requires entities proposing projects to submit annual financing, cost, route, and foreign investment disclosures to the Texas Department of Transportation starting September 1, 2025. The department must publish this information on its public website.

Why it matters

Project developers must disclose detailed financial records, ridership methodologies, and foreign investment plans to the state, and the public gains direct online access to these previously unreported project metrics.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

high-speed rail project entities

Entities proposing high-speed rail projects must compile and submit annual financial, route, management, and foreign investment disclosures.

Directly affected

Texas Department of Transportation

The department must collect annual project filings and publish the submitted information on its internet website.

Directly affected

members of the public

Residents gain online access to detailed financial, route, and funding information regarding proposed high-speed rail projects.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who must submit project information to the state?

Any entity that proposes a project included in the Texas Rail Plan must submit the required disclosures.

What kind of financial details must be disclosed?

Developers must submit proposed financing methods, availability of funds, securities information, a recent balance sheet, present-day cost determinations, and annual construction costs.

Can the public view the submitted documents?

Yes, the Texas Department of Transportation is required to make all submitted information available to the public on its website.

What else do you want to know?

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Where This Stands

Current status: Signed into law.

Procedural history

52 actions

May 29, 2025Governor of TexasEnrolled
Effective on 9/1/25
May 29, 2025Governor of TexasEnrolled
Signed by the Governor
May 20, 2025Governor of TexasEnrolled
Sent to the Governor
May 20, 2025Senate
Signed in the Senate
May 20, 2025House
Signed in the House
May 19, 2025House
Reported enrolled

Show 46 earlier actions

May 19, 2025House
Senate passage reported
May 19, 2025SenateFloor
Record vote
May 19, 2025SenateFloor
Passed
May 19, 2025SenateFloor
Read 3rd time
May 19, 2025SenateFloor
Record vote
May 19, 2025Senate
Three day rule suspended
May 19, 2025SenateFloor
Record vote
May 19, 2025SenateFloor
Read 2nd time & passed to 3rd reading
May 19, 2025SenateFloor
Record vote
May 19, 2025Senate
Rules suspended-Regular order of business
May 19, 2025Senate
Co-sponsor authorized
May 16, 2025Senate
Placed on intent calendar
May 14, 2025Senate
Committee report printed and distributed
May 14, 2025SenateCommittee
Reported favorably w/o amendments
May 14, 2025Senate
Vote taken in committee
May 14, 2025Senate
Testimony taken in committee
May 14, 2025Senate
Considered in public hearing
May 14, 2025Senate
Scheduled for public hearing on . . .
Apr 29, 2025SenateCommittee
Referred to Transportation
Apr 29, 2025SenateIntroduced
Read first time
Apr 28, 2025Senate
Received from the House
Apr 25, 2025House
Reported engrossed
Apr 25, 2025House
Statement(s) of vote recorded in Journal
Apr 25, 2025HouseFloor
Record vote (RV#574)
Apr 25, 2025HouseFloor
Passed
Apr 25, 2025HouseFloor
Read 3rd time
Apr 24, 2025HouseFloor
Record vote (RV#528)
Apr 24, 2025HouseFloor
Passed to engrossment
Apr 24, 2025HouseFloor
Read 2nd time
Apr 24, 2025House
Placed on General State Calendar
Apr 22, 2025House
Considered in Calendars
Apr 16, 2025House
Committee report sent to Calendars
Apr 15, 2025House
Committee report distributed
Apr 15, 2025House
Comte report filed with Committee Coordinator
Apr 9, 2025HouseCommittee
Reported favorably w/o amendment(s)
Apr 9, 2025House
Considered in formal meeting
Apr 3, 2025House
Left pending in committee
Apr 3, 2025House
Testimony taken/registration(s) recorded in committee
Apr 3, 2025House
Considered in public hearing
Apr 3, 2025House
Recalled from subcommittee
Apr 3, 2025House
Scheduled for public hearing on . . .
Mar 31, 2025House
Withdrawn from schedule
Mar 31, 2025House
Scheduled for public hearing in s/c on . . .
Mar 14, 2025HouseCommittee
Referred to s/c on Transportation Funding by Speaker
Mar 14, 2025HouseIntroduced
Read first time
Jan 22, 2025HouseIntroduced
Filed

Version history

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