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HB2038 • 2026

Public Funds and Financing

AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 1, relative to precious metals.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Hulsey, Taylor
Last action
2026-04-22
Official status
Received from House, Passed on First Consideration
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Public Funds and Financing

ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENTS # 1 AND 2 AND PASSED HOUSE BILL 2038, AS AMENDED.

What This Bill Does

  • ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENTS # 1 AND 2 AND PASSED HOUSE BILL 2038, AS AMENDED.
  • AMENDMENT #1 prohibits a department, agency, or other unit of state government from accepting or making payment in gold or silver coin unless authorized by statute.
  • AMENDMENT #2 gives the bill a short title, the "Hulsey-Niceley Legal Tender Act."

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Amendment 1-0 to HB2038

Plain English: House Finance, Ways, and Means 1 Amendment No.

  • House Finance, Ways, and Means 1 Amendment No.
  • 1 to HB2038 Hicks G Signature of Sponsor AMEND Senate Bill No.
  • 1827* House Bill No.
  • 2038 HA1236 018260 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 2-0 to HB2038

Plain English: Amendment No.

  • Amendment No.
  • 2 to HB2038 Vaughan Signature of Sponsor AMEND Senate Bill No.
  • 1827* House Bill No.
  • 2038 HA1241 018523 - 1 - by adding the following as a new Section 1 and redesignating the existing sections accordingly: SECTION 1.
Amendment 1-0 to SB1827

Plain English: Senate Commerce and Labor 1 Amendment No.

  • Senate Commerce and Labor 1 Amendment No.
  • 1 to SB1827 Bailey Signature of Sponsor AMEND Senate Bill No.
  • 1827* House Bill No.
  • 2038 SA0479 012887 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 2-0 to SB1827

Plain English: Amendment No.

  • Amendment No.
  • 2 to SB1827 Taylor Signature of Sponsor AMEND Senate Bill No.
  • 1827* House Bill No.
  • 2038 SA1061 018156 - 1 - by inserting the following as a new subsection (d) immediately following subsection (c) in SECTION 2: (d) A department, agency, or other unit of state government shall not accept or make payment in gold or silver coin unless authorized by statute or a joint resolution of the general assembly.

Bill History

  1. 2026-04-22 Tennessee General Assembly

    Received from House, Passed on First Consideration

  2. 2026-04-22 Tennessee General Assembly

    Engrossed; ready for transmission to Sen.

  3. 2026-04-22 Tennessee General Assembly

    Sponsor(s) Added.

  4. 2026-04-22 Tennessee General Assembly

    Passed H., as am., Ayes 90, Nays 0, PNV 2

  5. 2026-04-22 Tennessee General Assembly

    H. adopted am. (Amendment 2 - HA1241)

  6. 2026-04-22 Tennessee General Assembly

    H. adopted am. (Amendment 1 - HA1236)

  7. 2026-04-20 Tennessee General Assembly

    H. Placed on Regular Calendar for 4/21/2026

  8. 2026-04-20 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/20/2026

  9. 2026-04-20 Tennessee General Assembly

    Rec. for pass. if am., ref. to Calendar & Rules Committee

  10. 2026-04-20 Tennessee General Assembly

    Placed on cal. Finance, Ways, and Means Committee for 4/20/2026

  11. 2026-04-20 Tennessee General Assembly

    Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee

  12. 2026-04-20 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  13. 2026-04-16 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/20/2026

  14. 2026-04-15 Tennessee General Assembly

    Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee

  15. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  16. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/20/2026

  17. 2026-04-09 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

  18. 2026-04-07 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0

  19. 2026-04-01 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 4/7/2026

  20. 2026-03-11 Tennessee General Assembly

    Sponsor(s) Added.

  21. 2026-03-11 Tennessee General Assembly

    Placed behind the budget

  22. 2026-03-10 Tennessee General Assembly

    Action deferred in Senate Commerce and Labor Committee to 3/17/2026

  23. 2026-03-04 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/11/2026

  24. 2026-03-04 Tennessee General Assembly

    Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/11/2026

  25. 2026-03-04 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/10/2026

  26. 2026-03-03 Tennessee General Assembly

    Sponsor(s) Added.

  27. 2026-03-03 Tennessee General Assembly

    Action deferred in Senate Commerce and Labor Committee to 3/10/2026

  28. 2026-02-26 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/4/2026

  29. 2026-02-24 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

  30. 2026-02-17 Tennessee General Assembly

    Action deferred in Senate Commerce and Labor Committee to 3/3/2026

  31. 2026-02-10 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 2/17/2026

  32. 2026-02-04 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  33. 2026-02-04 Tennessee General Assembly

    P2C, ref. to Finance, Ways, and Means Committee

  34. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  35. 2026-02-02 Tennessee General Assembly

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

  36. 2026-01-22 Tennessee General Assembly

    Filed for introduction

  37. 2026-01-22 Tennessee General Assembly

    Introduced, Passed on First Consideration

  38. 2026-01-21 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENTS # 1 AND 2 AND PASSED HOUSE BILL 2038, AS AMENDED.

AMENDMENT #1
prohibits a department, agency, or other unit of state government from accepting or making payment in gold or silver coin unless authorized by statute.

AMENDMENT #2 gives the bill a short title, the "Hulsey-Niceley Legal Tender Act."

Current Bill Text

Read the full stored bill text 
SENATE BILL 1827
By Taylor

HOUSE BILL 2038
By Hulsey
HB2038
007995
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 9,
Chapter 1, relative to precious metals.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 9, Chapter 1, is amended by adding the
following as a new section:
(a) As used in this section:
(1) "Coin" means:
(A) Precious metal fabricated into a product of uniform shape,
size, design, content, weight, and purity that is suitable for or customarily
used as currency, as a medium of exchange, or as the medium for
purchase, sale, storage, transfer, or delivery of precious metal in a retail
or wholesale transaction; or
(B) Refined precious metal bullion, stamped or imprinted with its
weight and purity and valued primarily based on its metal content and not
its form;
(2) "Legal tender" means a recognized medium of exchange for the
payment of debts and taxes;
(3) "Person" means an individual; state, local government, political
subdivision, or any agent or agency thereof; company; corporation; partnership;
firm; trust; organization; or association; and
(4) "Precious metal" means gold and silver.
(b) Precious metal coins are legal tender in this state.

- 2 - 007995

(c) A person shall not compel another person to use or accept precious metal
coins as legal tender, unless expressly agreed to or authorized by law or contract.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.