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TN SB0064

TN SB0064
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 4, Chapter 3, relative to the department of financial institutions.


summary

Introduced
01/09/2025
In Committee
Crossed Over
02/20/2025
Passed
04/16/2025
Dead
Signed/Enacted/Adopted
04/29/2025

Introduced Session

114th General Assembly

Bill Summary

As enacted, extends the department of financial institutions to June 30, 2029. - Amends TCA Title 4, Chapter 29 and Title 4, Chapter 3.

AI Summary

This bill makes technical amendments to Tennessee's legal code regarding the Department of Financial Institutions (DFI). Specifically, the bill removes a specific subdivision (numbered 17) from Section 4-29-246(a) and adds a new subdivision to Section 4-29-250(a) that explicitly references the Department of Financial Institutions, which was originally created by Sections 4-3-101 and 4-3-401 of Tennessee law. The primary purpose of these changes appears to be to update and clarify statutory references to the Department of Financial Institutions, potentially in preparation for extending the department's authorization through June 30, 2029, as mentioned in the government-provided summary. The bill will take effect immediately upon becoming law, as stated in the final section, and is designed to support the continued operation of the state's financial institutions regulatory agency.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Effective date(s) 04/24/2025 (on 04/29/2025)

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