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TN SB2397

TN SB2397
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9 and Title 50, relative to retirement.


summary

Introduced
02/02/2026
In Committee
Crossed Over
Passed
05/15/2026
Dead
Signed/Enacted/Adopted
05/15/2026

Introduced Session

114th General Assembly

Bill Summary

As enacted, enacts the "Tennessee Trump Account Program Act." - Amends TCA Title 4; Title 8; Title 9 and Title 50.

AI Summary

This bill, titled the "Tennessee Trump Account Program Act," amends Tennessee law to allow the state to act as a nonbank custodian for "Trump account" funds, which are accounts established according to specific federal tax laws, including Section 530A of the Internal Revenue Code and related regulations from the U.S. Department of the Treasury. The state's ability to serve as this custodian is contingent upon receiving approval from the U.S. Department of the Treasury, and if such approval is granted, a formal Trump account program could be established through future legislative action.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Comp. became Pub. Ch. 910 (on 05/15/2026)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Banking System and Financial Institution Regulation and Reform
Labor and Employment
  • ‐ Employee Benefits
Social Welfare
  • ‐ Retirement Issues

bill text


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