The bill, S.B. No. 1491, proposes to transfer and redesignate Chapter 2312 of the Occupations Code to Chapter 426 of the Government Code, establishing the Financial Crimes Intelligence Center. It introduces new definitions related to financial crimes, including "check fraud," "motor fuel manipulation device," and "payment fraud," while also amending existing definitions. The center's purpose is to serve as the primary entity for coordinating law enforcement responses to criminal activities related to motor fuel theft and payment fraud, enhancing the ability of various agencies to detect and prevent these crimes.

Additionally, the bill outlines the operational framework for the center, including the appointment of a director to oversee its functions and the establishment of agreements with law enforcement agencies. It mandates the center to provide assistance, training, and outreach to various stakeholders, including financial institutions and the public. The bill also allows the department to solicit funding through gifts and grants, with specific provisions to ensure that no donations are accepted from licensed holders as defined in the Occupations Code. The act is set to take effect on September 1, 2025.