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Bill > HB2038
TN HB2038
TN HB2038AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 1, relative to precious metals.
summary
Introduced
01/22/2026
01/22/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As introduced, adds certain definitions concerning precious metals; makes precious metal coins legal tender; prohibits a person from compelling another to accept precious metal coins as legal tender. - Amends TCA Title 9, Chapter 1.
AI Summary
This bill, by amending Tennessee Code Annotated, Title 9, Chapter 1, defines "coin" as precious metal shaped into a uniform product for use as currency or as a medium for transactions, or as refined bullion stamped with its weight and purity and valued for its metal content, and defines "precious metal" as gold and silver, while also defining "legal tender" as a recognized medium for paying debts and taxes, and "person" broadly to include individuals and various entities. The bill then declares that these precious metal coins are legal tender within Tennessee, but crucially, it prohibits any person from forcing another to accept these precious metal coins as legal tender, unless there is a prior agreement, a legal requirement, or a contractual obligation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/11/2026 (on 03/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB2038&ga=114 |
| Amendment 1-0 to SB1827 | https://www.capitol.tn.gov/Bills/114/Amend/SA0479.pdf |
| Fiscal Memo for SA0479 (12887) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1584.pdf |
| Fiscal Note - SB1827 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1827.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2038.pdf |
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