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TennesseeHB 2529114th General Assembly (2025-2026)HouseWALLET

AN ACT to amend Tennessee Code Annotated, Title 48, Chapter 1, Part 1 and Title 49, Chapter 4, Part 1, relative to matters regulated by the department of commerce and insurance.

Sponsored By: William Lamberth (Republican)

Signed by Governor

Commerce and Insurance, Dept. of

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 2 benefits, 2 costs, 1 mixed.

Commissioner can exempt some investment advisers

The commissioner can issue a rule that says certain people are not treated as investment advisers or adviser representatives. If a rule covers you, you are outside those legal definitions and related requirements. This can reduce compliance duties for some small firms.

Court can name commissioner as receiver

A Tennessee chancery court may, at the commissioner’s request, appoint the Commissioner of Commerce and Insurance as a receiver or conservator for a defendant or the defendant’s assets. This lets the department take control to protect claimants and creditors in those cases.

Time limits on investor lawsuits

The law sets firm filing deadlines for private investor lawsuits under Tennessee securities law. You must sue before the earlier of two dates: five years after the act, or two years after you discover the facts (or should have with reasonable care). Claims filed after the earlier deadline are barred.

Brokers must alert state before removing records

Broker-dealers and agents with a Tennessee business location must give the Department of Commerce and Insurance written notice at least 60 days before seeking to remove customer dispute information from the Central Registration Depository (CRD). This covers filings to vacate, modify, or confirm an arbitration award, and any court action for expungement. You must also name the department as a party, unless the commissioner waives that after getting your notice. This also applies if you were registered in Tennessee when the dispute happened.

Removes a set of education rules

The law repeals all of Title 49, Chapter 4, Part 1 of Tennessee law. Any programs, duties, or rules in that part no longer apply. Who is affected depends on what was in that part.

Sponsors & Cosponsors

Sponsor

  • William Lamberth

    Republican • House

Cosponsors

  • Scott Cepicky

    Republican • House

  • Mark Cochran

    Republican • House

  • Bill Powers

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 150 • No: 0

Senate vote • 4/13/2026

FLOOR VOTE: Motion to Adopt 4/13/2026

Yes: 31 • No: 0

House vote • 3/30/2026

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/30/2026

Yes: 91 • No: 0

House vote • 3/19/2026

HOUSE CALENDAR & RULES COMMITTEE

Yes: 0 • No: 0

House vote • 3/18/2026

HOUSE COMMERCE COMMITTEE

Yes: 21 • No: 0

House vote • 3/11/2026

HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE

Yes: 7 • No: 0

Actions Timeline

  1. Signed by Governor.

    5/1/2026

  2. Transmitted to Governor for his action.

    4/21/2026House

  3. Signed by Senate Speaker

    4/20/2026Senate

  4. Signed by H. Speaker

    4/16/2026House

  5. Enrolled; ready for sig. of H. Speaker.

    4/14/2026House

  6. Senate substituted House Bill for companion Senate Bill.

    4/13/2026Senate

  7. Passed Senate, Ayes 31, Nays 0

    4/13/2026Senate

  8. Received from House, Passed on First Consideration

    4/2/2026Senate

  9. Engrossed; ready for transmission to Sen.

    3/31/2026House

  10. Passed H., Ayes 91, Nays 0, PNV 1

    3/30/2026House

  11. Sponsor(s) Added.

    3/30/2026House

  12. Objected to on Consent Calendar.

    3/23/2026House

  13. H. Placed on Regular Calendar for 3/30/2026

    3/23/2026House

  14. H. Placed on Consent Calendar for 3/23/2026

    3/19/2026House

  15. Rec. for pass; ref to Calendar & Rules Committee

    3/18/2026House

  16. Placed on cal. Calendar & Rules Committee for 3/19/2026

    3/18/2026House

  17. Rec. for pass by s/c ref. to Commerce Committee

    3/11/2026House

  18. Placed on cal. Commerce Committee for 3/18/2026

    3/11/2026House

  19. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026

    3/4/2026House

  20. Sponsor(s) Added.

    2/19/2026House

  21. P2C, ref. to Commerce Committee

    2/5/2026House

  22. Assigned to s/c Banking & Consumer Affairs Subcommittee

    2/5/2026House

  23. Intro., P1C.

    2/4/2026House

  24. Filed for introduction

    2/3/2026House

Bill Text

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