KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Tennessee

SB1361 • 2026

Economic and Community Development

AN ACT to amend Tennessee Code Annotated, Title 4; Title 9 and Title 67, relative to funding for certain businesses.

Active

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

Sponsor
Oliver, Chism
Last action
2025-02-12
Official status
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details about what exactly is included in the annual report, only that it pertains to advisements regarding disadvantaged businesses and community block grants.

Changing Report Deadline for Disadvantaged Businesses

This bill changes the deadline for submitting an annual report about disadvantaged businesses from December 1st to January 1st.

What This Bill Does

  • Changes the deadline for submitting an annual report from December 1st to January 1st.

Who It Names or Affects

  • The Office of Business Enterprise in Tennessee's Department of Economic and Community Development

Terms To Know

disadvantaged business
A business that faces challenges due to factors like race, gender, or economic status.
community block grants
Money given by the government to help improve communities and support local businesses.

Limits and Unknowns

  • The bill does not specify how the change in deadline will affect disadvantaged businesses.
  • It is unclear if this change will impact other parts of the report process or funding for businesses.

Bill History

  1. 2025-02-12 Tennessee General Assembly

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

  2. 2025-02-12 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  3. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  4. 2025-02-10 Tennessee General Assembly

    Intro., P1C.

  5. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  6. 2025-02-06 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 1362
By Chism

SENATE BILL 1361
By Oliver

SB1361
003383
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 9 and Title 67, relative to funding for certain
businesses.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 4-3-728(c), is amended by deleting
"December 1" and substituting instead "January 1".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.