The bill more than doubles the amount of money Texas spends to lure film and TV projects. It has the backing of Texas movie stars including Matthew McConaughey.

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.

Hollywood A-listers and Texas senators met yesterday to discuss a massive new investment in film and TV production incentives that would break the current program out of its boom-and-bust financing – or, as Matthew McConaughey put it, create a system of “wood screws, not Velcro.”