What does Texas SB34 do?
SB34 introduces a severe operational penalty for Oil & Gas operators, authorizing the Railroad Commission to order the disconnection of electricity at well sites found in violation of safety standards. Simultaneously, the law increases the aggregate annual assessment cap on Property & Casualty insurers by 33% (to $40 million) and mandates a new, compulsory equipment inventory system for all fire departments. Implementation Timeline Effective Date: September 1, 2025 Compliance Deadline: - Oil & Gas: Immediate upon effective date.