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HB0110 • 2026

Financial Institutions, Dept. of

AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2, relative to banking.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Lamberth, Johnson
Last action
2025-04-08
Official status
Comp. became Pub. Ch. 126
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Bank Deposit Insurance Rules

This law allows the Tennessee Department of Financial Institutions to set rules for deposit insurance requirements for state banks.

What This Bill Does

  • Gives the commissioner power to decide what kind and amount of deposit insurance each state bank must keep.
  • Requires the commissioner to consider safety, economic growth, public trust in banking, industry views, and other relevant factors when making decisions.
  • Allows the commissioner to create rules for how these decisions are made.

Who It Names or Affects

  • State banks in Tennessee
  • The Department of Financial Institutions

Terms To Know

Deposit insurance
Money set aside by a bank to protect customers' deposits if the bank fails.
Commissioner
A high-ranking official in charge of overseeing financial institutions.

Limits and Unknowns

  • The law does not specify how much deposit insurance banks must have.
  • It is unclear what specific rules the commissioner will make to implement this act.

Bill History

  1. 2025-04-08 Tennessee General Assembly

    Comp. became Pub. Ch. 126

  2. 2025-04-08 Tennessee General Assembly

    Effective date(s) 07/01/2026

  3. 2025-04-08 Tennessee General Assembly

    Pub. Ch. 126

  4. 2025-04-03 Tennessee General Assembly

    Signed by Governor.

  5. 2025-03-26 Tennessee General Assembly

    Transmitted to Governor for action.

  6. 2025-03-26 Tennessee General Assembly

    Signed by H. Speaker

  7. 2025-03-25 Tennessee General Assembly

    Signed by Senate Speaker

  8. 2025-03-25 Tennessee General Assembly

    Enrolled and ready for signatures

  9. 2025-03-24 Tennessee General Assembly

    Comp. SB subst.

  10. 2025-03-24 Tennessee General Assembly

    Passed H., Ayes 96, Nays 0, PNV 0

  11. 2025-03-24 Tennessee General Assembly

    Subst. for comp. HB.

  12. 2025-03-20 Tennessee General Assembly

    H. Placed on Consent Calendar for 3/24/2025

  13. 2025-03-19 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 3/20/2025

  14. 2025-03-13 Tennessee General Assembly

    Rcvd. from S., held on H. desk.

  15. 2025-03-10 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  16. 2025-03-10 Tennessee General Assembly

    Engrossed; ready for transmission to House

  17. 2025-03-10 Tennessee General Assembly

    Passed Senate, Ayes 30, Nays 0

  18. 2025-03-07 Tennessee General Assembly

    Placed on Senate Consent Calendar 2 for 3/10/2025

  19. 2025-03-05 Tennessee General Assembly

    Placed on cal. Government Operations Committee for 3/10/2025

  20. 2025-03-04 Tennessee General Assembly

    Recommended for passage, refer to Senate Calendar Committee

  21. 2025-02-27 Tennessee General Assembly

    Re-ref. Government Operations Committee

  22. 2025-02-26 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 2/27/2025

  23. 2025-02-26 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  24. 2025-02-25 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/4/2025

  25. 2025-02-25 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/4/2025

  26. 2025-02-19 Tennessee General Assembly

    Placed on cal. Commerce Committee for 2/26/2025

  27. 2025-02-19 Tennessee General Assembly

    Rec. for pass by s/c ref. to Commerce Committee

  28. 2025-02-13 Tennessee General Assembly

    Sponsor(s) Added.

  29. 2025-02-12 Tennessee General Assembly

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025

  30. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  31. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  32. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  33. 2025-01-28 Tennessee General Assembly

    Assigned to s/c Banking & Consumer Affairs Subcommittee

  34. 2025-01-16 Tennessee General Assembly

    Ref. to Commerce Committee - Government Operations for Review

  35. 2025-01-15 Tennessee General Assembly

    P2C held on desk, pending appointment of Standing Committees

  36. 2025-01-14 Tennessee General Assembly

    Intro., P1C.

  37. 2025-01-13 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 1279
By Johnson

HOUSE BILL 110
By Lamberth

HB0110
000559
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 45,
Chapter 2, relative to banking.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 45, Chapter 2, Part 8, is amended by
adding the following as a new section:
(a) Without limiting this part, the commissioner may determine the type,
amounts, and other characteristics of deposit insurance required to be maintained by
each state bank. In making the determination, the commissioner shall consider the
following factors:
(1) The safety and soundness of the state bank;
(2) The ability of the state bank to promote the economic progress of this
state;
(3) Public confidence in the banking system;
(4) The views of the banking industry in this state; and
(5) Any other factors the commissioner may deem relevant.
(b) The commissioner may promulgate rules to implement this section. The
rules must be promulgated in accordance with the Uniform Administrative Procedures
Act, compiled in title 4, chapter 5.
SECTION 2. This act takes effect July 1, 2025, the public welfare requiring it.