TN SB0487 | 2025-2026 | 114th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 29 2025 - 25% progression
Action: 2025-02-12 - Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 29 2025 - 25% progression
Action: 2025-02-12 - Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, reduces, from $100 billion to $50 billion, the amount of assets held by a state or national bank, savings and loan association, savings bank, credit union, industrial loan and thrift, or mortgage lender that are necessary to fall within the definition of a financial institution for purposes of the application of certain consumer protections. - Amends TCA Title 4; Title 9; Title 45; Title 47 and Title 56.
Title
AN ACT to amend Tennessee Code Annotated, Title 4; Title 9; Title 45; Title 47 and Title 56, relative to consumer protection.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-12 | Senate | Passed on Second Consideration, refer to Senate Commerce and Labor Committee |
| 2025-01-29 | Senate | Filed for introduction |
Same As/Similar To
HB0316 (Crossfiled) 2025-02-03 - P2C, caption bill, held on desk - pending amdt.
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0487&ga=114 |
| Text | https://www.capitol.tn.gov/Bills/114/Bill/SB0487.pdf |
