Texas House to discuss Yvonne Davis’ proposal — what does HB 4921 say?

Rep. Yvonne Davis introduced HB 4921, a bill on Business & Commerce, Education, Financial, Purchasing, Retirement Systems, and State Finances, to the Texas House on Thursday, March 13 during the 89(R) legislative session, according to the Texas Legislature website.

More specifically, the official text was summarized by the state legislature as ’’relating to restrictions on the use of state funds to benefit private entities that outsource jobs to foreign countries’’.

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

This bill establishes restrictions on the use of Texas state funds to benefit private entities that outsource jobs to foreign countries. It creates Chapter 2278 in the Government Code, comprising guidelines for state investments and tax benefit eligibility. State entities are prohibited from investing funds in or purchasing obligations of domestic private entities that, within the past two years, have moved jobs suitable for U.S. performance overseas, resulting in job loss or lack of job creation in the U.S. Additionally, such entities are ineligible for state tax or fee credits, exemptions, or discounts unless the Texas Constitution mandates eligibility requirements. The bill mandates state agencies to establish rules for determining and notifying entities of benefit denial and allows for contesting these decisions. These provisions apply to investments and tax benefits starting Sept. 1, 2026, with the act taking effect on Sept. 1, 2025.

Yvonne Davis, a member of the House Committee on Land & Resource Management, proposed another 16 bills during the 89(R) legislative session. She is also a member of the House Committee on State Affairs.

Davis graduated from the University of Houston with a BS.

Yvonne Davis is currently serving in the Texas State House, representing the state’s 111st House district. She replaced previous state representative Jerald Henry Larry in 1993.

Bills in Texas go through a multi-step legislative process, including committee review, debates, and votes in both chambers before reaching a final decision. Each session, there are typically thousands of bills introduced, but only a portion successfully navigate the process to become law.

You can read more about the bills and other measures here.