What is the Texas Self-Sufficiency Act?!? (HB 568)

This is a fantastic idea:

The Texas Self-Sufficiency Act directs the Governor, Lieutenant Governor, the Speaker of the Texas House, and the Comptroller to name a committee of made up of legislators, budget experts and citizens from the non-profit sector to analyze not only our state's dependence on federal funds, but the impact of federal funding on Texas' economy. "Speaker Straus should be commended for naming a House interim committee on sequestration. However, we must expand on this work. My district in South East Texas, for example, has a higher proportion of seniors compared to the state overall percentage. What would happen in the event the Federal Government eliminated the funds normally allocated to them? In the current economic climate, exacerbated by out of control spending in Washington, Texas needs to study possible responses to Federal financial turmoil, and our readiness to adjust to such an event. Texans must govern Texas and Texans need to be concerned about Texas."

(h/t Texas GOP vote)