Tennessee HB0110 amends banking regulations to allow the commissioner to determine deposit insurance requirements for state banks.

Tennessee HB0110 amends Tennessee Code Annotated, Title 45, Chapter 2, to give the commissioner authority over determining the type, amounts, and characteristics of deposit insurance for state banks. The commissioner must consider the safety and soundness of the bank, its economic impact, public confidence, and banking industry views. The commissioner can also create rules to implement these changes, following the Uniform Administrative Procedures Act. This act will take effect on July 1, 2025.

Tennessee HB0110 amends banking regulations to allow the commissioner to determine deposit insurance requirements for state banks.

Tennessee HB0110 amends Tennessee Code Annotated, Title 45, Chapter 2, to give the commissioner authority over determining the type, amounts, and characteristics of deposit insurance for state banks. The commissioner must consider the safety and soundness of the bank, its economic impact, public confidence, and banking industry views. The commissioner can also create rules to implement these changes, following the Uniform Administrative Procedures Act. This act will take effect on July 1, 2025.