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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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SB2134 • 2026

Banks and Financial Institutions

AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 12; Title 45; Title 46; Title 47; Title 48; Title 50; Title 61; Title 62; Title 65; Title 66 and Title 68, relative to commerce.

Active

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

Sponsor
Taylor
Last action
2026-02-05
Official status
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The bill summary does not provide details on other updates or requirements beyond the change in reporting time for CEO changes.

Changing Reporting Time for Banks

This bill changes how long banks have to report changes in their chief executive officers (CEO) from 24 hours to 48 hours.

What This Bill Does

  • Changes the time a bank has to report changes in its chief executive officers (CEO) from 24 hours to 48 hours.

Who It Names or Affects

  • Banks and other financial institutions in Tennessee
  • The commissioner of financial institutions

Terms To Know

Chief Executive Officer (CEO)
The top leader or manager of a company.

Limits and Unknowns

  • Only affects reporting requirements for changes in chief executive officers.
  • Does not specify other changes to Tennessee's laws related to commerce and financial institutions.

Bill History

  1. Date Tennessee General Assembly

  2. 2026-02-05 Tennessee General Assembly

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

  3. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  4. 2026-01-23 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
<BillNo> <Sponsor>

SENATE BILL 2134
By Taylor
SB2134
011300
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4;
Title 5; Title 6; Title 7; Title 12; Title 45; Title 46;
Title 47; Title 48; Title 50; Title 61; Title 62; Title
65; Title 66 and Title 68, relative to commerce.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 45-2-103(d), is amended by deleting
"twenty-four (24) hours" and substituting "forty-eight (48) hours".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.