Tennessee HB2039 amends the Tennessee Consumer Protection Act to regulate programmable money, prohibiting unfair or deceptive practices.
Tennessee HB2039 amends the Tennessee Consumer Protection Act to regulate programmable money, which is defined as money or currency that can be encoded with specific rules and conditions. The bill prohibits issuers of programmable money from denying transactions based on political opinions, religious beliefs, gender, medical history, and other protected characteristics. It also prohibits issuers from implementing social credit score systems. The bill allows aggrieved parties to sue for statutory and declaratory relief, as well as actual and punitive damages.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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