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

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SB1965 • 2026

Banks and Financial Institutions

AN ACT to amend Tennessee Code Annotated, Title 9; Title 35; Title 42; Title 43; Title 44; Title 45; Title 46; Title 47; Title 48; Title 49; Title 50; Title 53; Title 55; Title 56; Title 57; Title 59; Title 60; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67 and Title 68, relative to commercial activities.

Active

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

Sponsor
Yager, Vaughan
Last action
2026-03-03
Official status
Assigned to General Subcommittee of Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official summary does not provide details about other affected parties or specific provisions regarding penalties for non-compliance.

Changing Reporting Time for Financial Institutions

This bill changes the deadline for submitting annual reports from 60 to 70 days after the end of the year.

What This Bill Does

  • Changes the time limit for submitting an annual report by the commissioner of financial institutions from 60 days to 70 days after the calendar year ends.

Who It Names or Affects

  • The commissioner of financial institutions who must submit annual reports.

Terms To Know

Commissioner of Financial Institutions
A government official responsible for overseeing and regulating financial activities in Tennessee.
Annual Report
A yearly document that provides information about the operations, finances, and other important details of a business or organization.

Limits and Unknowns

  • The bill does not specify what happens if the report is submitted late.
  • It only changes reporting deadlines for financial institutions in Tennessee and does not affect other types of businesses or organizations.
  • There are no provisions mentioned about penalties for non-compliance.

Bill History

  1. 2026-03-03 Tennessee General Assembly

    Assigned to General Subcommittee of Senate Commerce and Labor Committee

  2. 2026-03-02 Tennessee General Assembly

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

  3. 2026-03-02 Tennessee General Assembly

    Ref. to Finance, Ways, and Means Committee

  4. 2026-02-24 Tennessee General Assembly

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

  5. 2026-02-05 Tennessee General Assembly

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

  6. 2026-02-04 Tennessee General Assembly

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

  7. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  8. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  9. 2026-01-22 Tennessee General Assembly

    Filed for introduction

  10. 2026-01-22 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 1929
By Vaughan

SENATE BILL 1965
By Yager
SB1965
011549
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 9;
Title 35; Title 42; Title 43; Title 44; Title 45; Title
46; Title 47; Title 48; Title 49; Title 50; Title 53;
Title 55; Title 56; Title 57; Title 59; Title 60; Title
61; Title 62; Title 63; Title 64; Title 65; Title 66;
Title 67 and Title 68, relative to commercial
activities.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 45-1-119(a), is amended by deleting
"within sixty (60) days" and substituting "within seventy (70) days".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.