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HB0242 • 2026

Sunset Laws

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

Enacted

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

Sponsor
Lafferty, Jackson
Last action
2025-04-29
Official status
Comp. became Pub. Ch. 237
Effective date
Not listed

Plain English Breakdown

The official source material does not provide information on the immediate effect of the bill beyond stating 'the public welfare requiring it.'

Sunset Laws for Financial Institutions

This bill changes when certain laws about the Department of Financial Institutions in Tennessee will end.

What This Bill Does

  • Removes an old part of a law that talks about when some financial rules might stop being used.
  • Adds a new rule to include the Department of Financial Institutions in future reviews.

Who It Names or Affects

  • The Department of Financial Institutions in Tennessee

Terms To Know

Sunset Laws
Laws that set a date when certain rules or departments might stop being used unless they are renewed.
Department of Financial Institutions
A government agency that oversees and regulates financial activities in Tennessee.

Limits and Unknowns

  • The bill does not specify what will happen after June 30, 2029.
  • It is unclear if there are other parts of the law that might be affected by this change.

Bill History

  1. 2025-04-29 Tennessee General Assembly

    Comp. became Pub. Ch. 237

  2. 2025-04-29 Tennessee General Assembly

    Effective date(s) 04/24/2025

  3. 2025-04-29 Tennessee General Assembly

    Pub. Ch. 237

  4. 2025-04-24 Tennessee General Assembly

    Signed by Governor.

  5. 2025-04-21 Tennessee General Assembly

    Transmitted to Governor for action.

  6. 2025-04-21 Tennessee General Assembly

    Signed by H. Speaker

  7. 2025-04-17 Tennessee General Assembly

    Signed by Senate Speaker

  8. 2025-04-16 Tennessee General Assembly

    Enrolled and ready for signatures

  9. 2025-04-14 Tennessee General Assembly

    Comp. SB subst.

  10. 2025-04-14 Tennessee General Assembly

    Passed H., Ayes 94, Nays 0, PNV 1

  11. 2025-04-14 Tennessee General Assembly

    Subst. for comp. HB.

  12. 2025-04-10 Tennessee General Assembly

    H. Placed on Consent Calendar for 4/14/2025

  13. 2025-04-09 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/10/2025

  14. 2025-03-10 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  15. 2025-03-05 Tennessee General Assembly

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

  16. 2025-03-03 Tennessee General Assembly

    Action def. in Government Operations Committee to 3/10/2025

  17. 2025-02-26 Tennessee General Assembly

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

  18. 2025-02-24 Tennessee General Assembly

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

  19. 2025-02-20 Tennessee General Assembly

    Engrossed; ready for transmission to House

  20. 2025-02-20 Tennessee General Assembly

    Passed Senate, Ayes 32, Nays 0

  21. 2025-02-18 Tennessee General Assembly

    Placed on Senate Consent Calendar 2 for 2/20/2025

  22. 2025-02-12 Tennessee General Assembly

    Recommended for passage, refer to Senate Calendar Committee

  23. 2025-02-05 Tennessee General Assembly

    Placed on Senate Government Operations Committee calendar for 2/12/2025

  24. 2025-02-03 Tennessee General Assembly

    P2C, ref. to Government Operations Committee

  25. 2025-02-03 Tennessee General Assembly

    Sponsor(s) Added.

  26. 2025-01-31 Tennessee General Assembly

    Sponsor change.

  27. 2025-01-27 Tennessee General Assembly

    Intro., P1C.

  28. 2025-01-21 Tennessee General Assembly

    Filed for introduction

  29. 2025-01-15 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Government Operations Committee

  30. 2025-01-14 Tennessee General Assembly

    Introduced, Passed on First Consideration

  31. 2025-01-09 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 64
By Roberts

HOUSE BILL 242
By Lafferty

HB0242
000322
- 1 -

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

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 4-29-246(a), is amended by deleting
subdivision (17).
SECTION 2. Tennessee Code Annotated, Section 4-29-250(a), is amended by inserting
the following as a new subdivision:
( ) Department of financial institutions, created by §§ 4-3-101 and 4-3-401;
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.