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Fallon has stated, "I'd like to see Obamacare repealed and replaced."
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Although it did not pass, Fallon authored a bill while in the Texas Senate to support more trauma-informed systems of care for children in child protective services and in the foster system. He also co-authored a bill to create a Texas Mental Health Care Consortium.
As state senator, Fallon voted for HB 2536, a bill establishing drug pricing transparency requirements in Texas in May 2019.
While in the Texas House, Fallon served as vice-chair of the Veterans Caucus.
Fallon is pro-life. In 2013, Fallon supported HB 2, a Texas ban on abortion after twenty weeks of gestation, which later passed the State House. He co-sponsored companion legislation to increase medical and licensing requirements of Texas abortion providers.
In January 2016, in an effort to raise funds and awareness for pediatric cancer research, Fallon successfully completed the World Marathon Challenge, where competitors attempt to run 7 marathons on all 7 continents in 7 consecutive days. While in the Senate, he authored a bill to authorize speciality license plates with the words "Kids Shouldn't Have Cancer" on them, with all profits going to a special research fund. He also co-sponsored a successful bill to repeal step therapy or "fail first" protocols for metastatic stage 4 cancer patients.