# Tennessee SB 1870: AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7, relative to financial institutions. Tennessee SB 1870, AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7, relative to financial institutions., is a 114th General Assembly (2025-2026) Senate bill sponsored by no sponsor on record; status signed, last action 2026-04-13 (Effective date(s) 04/07/2026) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/TN-SB1870-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Tennessee SB 1870 - State: Tennessee - Session: 114th General Assembly (2025-2026) - Title: AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7, relative to financial institutions. - Status: signed - Chamber: Senate - Introduced: 2026-01-21 - Last action: 2026-04-13, Effective date(s) 04/07/2026 - Sponsors: no sponsor on record - Cosponsors: 0 - Subjects: Financial Institutions, Dept. of - Touches household money: no - Roll calls: 2 (40 yes, 0 no in all) - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Tennessee credit unions must insure deposits: benefit, low. State-chartered credit unions must insure member shares and deposits before opening and keep that insurance afterward. Insurance comes through membership in the National Credit Union Association unless Tennessee’s financial commissioner decides otherwise. The commissioner can set the insurance type… - Banks and credit unions face fewer exams: mixed, low. Tennessee’s financial commissioner can extend yearly bank and credit union exams to every 24 months, or longer. Extension decisions consider management, capital, internal controls, federal exam schedules, and other relevant factors; bank decisions also consider risk profiles. The law removes the re… - Tennessee removes some credit union rules: mixed, low. The law repeals all of Title 45, Chapter 4, Part 11, within Tennessee’s credit union laws. It also deletes subsection (d) and the first sentence of subsection (e) from section 45-4-703. The supplied text does not describe the removed rules. Their effects on credit unions and members cannot be deter… - Tennessee revises listed financial institution types: mixed, low. The law replaces the entity list in Tennessee Code section 45-7-104(6). It lists federally insured deposit-taking institutions, bank holding companies, and offices of international banking corporations. It also lists foreign banks with federal branches and corporations formed under the Bank Service… ## Sponsors and cosponsors - (none) ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-02-23 | Senate | FLOOR VOTE: Motion to Adopt 2/23/2026 | pass | 32 | 0 | | | 2026-02-17 | Senate | SENATE COMMERCE AND LABOR COMMITTEE | pass | 8 | 0 | | ## Actions (18) - 2026-04-13: Effective date(s) 04/07/2026 - 2026-04-13: Pub. Ch. 671 - 2026-04-07: Signed by Governor. (Senate) - 2026-03-27: Transmitted to Governor for action. (Senate) - 2026-03-26: Signed by H. Speaker (House) - 2026-03-25: Signed by Senate Speaker (Senate) - 2026-03-24: Enrolled and ready for signatures (Senate) - 2026-03-23: Passed H., Ayes 82, Nays 0, PNV 2 (House) - 2026-03-23: Subst. for comp. HB. (House) - 2026-02-26: Rcvd. from S., held on H. desk. (House) - 2026-02-23: Engrossed; ready for transmission to House (Senate) - 2026-02-23: Passed Senate, Ayes 32, Nays 0 (Senate) - 2026-02-20: Placed on Senate Consent Calendar 2 for 2/23/2026 (Senate) - 2026-02-17: Recommended for passage, refer to Senate Calendar Committee (Senate) - 2026-02-10: Placed on Senate Commerce and Labor Committee calendar for 2/17/2026 (Senate) - 2026-02-02: Passed on Second Consideration, refer to Senate Commerce and Labor Committee (Senate) - 2026-01-22: Introduced, Passed on First Consideration (Senate) - 2026-01-21: Filed for introduction (Senate) ## Bill text - Enrolled / Public Chapter: [PDF](https://publications.tnsosfiles.com/acts/114/pub/pc0671.pdf) - Fiscal Note: [PDF](https://capitol.tn.gov/Bills/114/Fiscal/SB1870.pdf) - Introduced: [PDF](https://capitol.tn.gov/Bills/114/Bill/SB1870.pdf) ## Related bills - SB 1915: AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 1 and Title 4, Chapter 58, relative to public benefits. (signed) - SB 1900: AN ACT to amend Tennessee Code Annotated, Title 39 and Title 40, relative to first responders. (signed) - SB 1766: AN ACT to amend Tennessee Code Annotated, Title 7; Title 9; Title 12; Title 13; Title 66; Title 67 and Title 68, relative to infrastructure development distric… (signed) - SB 1771: AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7 and Title 13, relative to zoning outside of municipal boundaries. (signed) - SB 1668: AN ACT to amend Tennessee Code Annotated, Title 6 and Title 7, relative to penalties for violations of ordinances. (signed) - SB 1667: AN ACT to amend Tennessee Code Annotated, Title 29; Title 55 and Title 56, relative to motor vehicle financial responsibility. (signed) ## Sources - [Enrolled / Public Chapter (PDF)](https://publications.tnsosfiles.com/acts/114/pub/pc0671.pdf) - [Fiscal Note (PDF)](https://capitol.tn.gov/Bills/114/Fiscal/SB1870.pdf) - [Introduced (PDF)](https://capitol.tn.gov/Bills/114/Bill/SB1870.pdf) ## Related - [SB 1915: AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 1 and Title 4, Chapt…](https://policyrisk.com/state-bill/TN-SB1915-2025-2026) - [SB 1900: AN ACT to amend Tennessee Code Annotated, Title 39 and Title 40, relative to fi…](https://policyrisk.com/state-bill/TN-SB1900-2025-2026) - [SB 1766: AN ACT to amend Tennessee Code Annotated, Title 7; Title 9; Title 12; Title 13;…](https://policyrisk.com/state-bill/TN-SB1766-2025-2026) - [SB 1771: AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7 and Title 1…](https://policyrisk.com/state-bill/TN-SB1771-2025-2026) - [SB 1668: AN ACT to amend Tennessee Code Annotated, Title 6 and Title 7, relative to pena…](https://policyrisk.com/state-bill/TN-SB1668-2025-2026) - [SB 1667: AN ACT to amend Tennessee Code Annotated, Title 29; Title 55 and Title 56, rela…](https://policyrisk.com/state-bill/TN-SB1667-2025-2026) - [Tennessee bills](https://policyrisk.com/states/tennessee/bills) - [Tennessee state hub](https://policyrisk.com/states/tennessee) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/TN-SB1870-2025-2026 (as of 2026-11-01).