April 18, 2017      5:13 PM

Following Buffett Capitol visit, bill on automotive industry ownership moves in Texas Senate

Asked if Warren Buffett’s visit was the catalyst, bill author Sen. Hancock says “Nah, I heard that” he was here

One day after billionaire investor Warren Buffett visited Lt. Gov. Dan Patrick's office amid questions about Buffett’s holdings in the automotive industry, the Senate's presiding officer referred a bill related to "the ownership, control, or operation of a franchised or nonfranchised dealer or dealership by certain manufacturers."

The bill, SB 2279, is authored by Business and Commerce Chairman Sen. Kelly Hancock, R-North Richland Hills.

It’s a bill that Sen. Hancock was quick to call a “placeholder.”

By Eleanor Dearman and Scott Braddock

Copyright April 18, 2017, Harvey Kronberg, www.quorumreport.com, All rights are reserved