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Bill > SB2071
TN SB2071
TN SB2071AN ACT to amend Tennessee Code Annotated, Title 47, relative to programmable money.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, prohibits a person from requiring another to use programmable money for a transaction; prohibits an issuer of programmable money from denying a transaction based upon certain factors; requires an issuer of programmable money that denies a transaction to provide reasons for the denial to the affected party upon request; designates violations to be violations of the Consumer Protection Act of 1977 and provides for other forms of relief and enforcement. - Amends TCA Title 47.
AI Summary
This bill defines "programmable money" as currency that can be programmed with rules and conditions for automatic control, allowing for transaction denial or approval, user-specific restrictions, expiration, or the implementation of a social credit score system, and clarifies that it does not include central bank digital currencies or investment in cryptocurrency. It prohibits anyone from forcing another person to use programmable money for a transaction, and makes it illegal for an issuer of programmable money to deny a transaction based on a person's political opinions, religious beliefs, gender, race, sexual orientation, medical history, location, business sector, or social credit score, with exceptions for criminal activity. If a transaction is denied, the issuer must provide a detailed explanation of the reasons upon request, and violations are treated as violations of the Tennessee Consumer Protection Act of 1977, allowing for legal action, penalties, and potential revocation of the issuer's authority to do business in the state.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate Commerce and Labor Committee (on 02/05/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2071&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2071.pdf |
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