Senate Bill 22 would create the Texas Moving Image Industry Incentive Fund, pumping $500 million every two years into a program intended to bring more moviemaking to Texas.

Actors Matthew McConaughey and Woody Harrelson testified before the Senate Finance Committee in support of legislation to beef up an incentive plan for the entertainment industry.

The Texas Senate Committee on Finance heard testimony from special guest Matthew McConaughey on Senate Bill 22, which would set aside $500 million every two years for the next 10 years for the "Moving Image Industry Incentive Fund.

President Donald Trump’s media venture is forging a symbolic link to Texas, becoming the first company to list on the New York Stock Exchange’s upstart outpost in the Lone Star State.

Shares of the president’s company fell on the state’s market amid a broad sell-off fuelled by his trade agenda