Tennessee HB2462 amends state code to regulate investments by public officials, requiring divestment or blind trust placement for certain investments.
Tennessee HB2462 amends state code to regulate investments by public officials, specifically the governor, members of the general assembly, and representatives to the U.S. Senate or House of Representatives. It defines "covered investments" as direct or indirect investments in stocks, commodities, futures, or similar assets, excluding diversified mutual funds, exchange-traded funds, and treasury bonds. Public officials and their spouses must divest these covered investments or place them in a blind trust by October 1, 2026, or within 90 days of taking office for new officials.
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