Tennessee Senate Bill SB0064

Tennessee 2025-2026 Regular Session

• Introduced: 1/9/25
• Engrossed: 2/20/25
• Enrolled: 4/16/25
• Passed: 4/24/25
• Chaptered: 4/29/25

Caption

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 4, Chapter 3, relative to the department of financial institutions.

Summary

SB0064 makes a narrow technical change to Tennessee law governing state boards and commissions. It removes the Department of Financial Institutions from one list of entities in Tennessee Code Annotated § 4-29-246 and adds it to another list in § 4-29-250, both provisions in Title 4 that organize state government entities and their statutory treatment. The bill appears to be a housekeeping measure rather than a policy overhaul. Its effect is to update how the Department of Financial Institutions is categorized under state law, likely aligning the department with the correct statutory framework for boards, commissions, or agencies created by Title 4. The bill takes effect immediately upon becoming law.

Impact

The bill amends Tennessee Code Annotated Title 4, Chapters 29 and 3, by deleting one reference to the Department of Financial Institutions and inserting it into a different statutory list. This changes the department’s placement within the state’s legal structure for governmental entities, but does not create new regulatory powers, duties, or substantive financial-services policy. The practical impact is limited to statutory organization and legal accuracy for the department and related state administrative provisions.

Sentiment

The available legislative history suggests the bill was noncontroversial and received favorable treatment. The Senate Government Operations Committee recommended passage by a 9-0 vote, indicating unanimous support in committee. No committee transcript or floor debate is provided, and the bill’s narrow, technical nature suggests general agreement rather than partisan or policy-driven disagreement.

Contention

No notable substantive contention is evident in the available record. Because the bill is a technical correction concerning the Department of Financial Institutions’ statutory placement, any discussion would likely have focused on administrative cleanup rather than competing policy positions. The absence of recorded opposition, combined with unanimous committee approval, indicates that no member or stakeholder raised a significant objection in the materials provided.