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Abilene Times

Wednesday, April 23, 2025

Stan Lambert introduced HB 5007 in Texas House — here’s what you need to know

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Stan Lambert, Texas State Representative of the 71st district (R) | https://www.facebook.com/RepStanLambert

Stan Lambert, Texas State Representative of the 71st district (R) | https://www.facebook.com/RepStanLambert

Rep. Stan Lambert introduced HB 5007, a bill on Financial, Property Interests, and State Agencies, Boards & Commissions, to the Texas House on Thursday, April 3 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 the establishment of the Texas Committee on Foreign Investment to review certain transactions involving certain foreign entities; creating a civil penalty’’.

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

This bill establishes the Texas Committee on Foreign Investment to review certain transactions involving foreign entities, focusing on critical infrastructure, agricultural land, sensitive personal data, and strategic industries within the state. The governor, alongside the committee, is responsible for setting criteria to determine which foreign transactions are subject to review, with consideration for their financial scale and impact. The bill outlines a procedure whereby parties must notify the attorney general of intended transactions, leading to an investigation and potential requirement for a mitigation agreement to address state concerns. Violations may result in civil penalties up to $50,000 per incident. The committee is mandated to report annually on transaction reviews and suggest legislative changes to enhance state and national security. The Act takes effect Sept. 1, 2025, with relevant criteria adopted by Dec. 1, 2025, and applies to contracts starting Jan. 1, 2026.

Stan Lambert, chair of the House Committee on Pensions, Investments & Financial Services and member of the House Committee on Higher Education, proposed another three bills during the 89(R) legislative session.

Lambert graduated from Abilene Christian University in 1975 with a BS.

Stan Lambert is currently serving in the Texas State House, representing the state's 71st House district. He replaced previous state representative Susan King in 2017.

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.

Other Recent Bills Introduced by Rep. Stan Lambert in Texas House During 89(R) Legislative Session

Bill NumberDate IntroducedShort Description
HB 395203/27/2025Relating to the exemption of motor vehicles transferred from a decedent's estate
HB 293103/19/2025Relating to an exception to the renewal requirement for agricultural and timber tax exemption registration numbers issued to or held by persons who are at least 65 years of age
HB 219903/14/2025Relating to enrollment-based funding for the special education allotment under the Foundation School Program

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