AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 4, relative to investments.

Engrossed on 4/13/26

Version 1 Text

Summary

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From the Legislature

As introduced, requires persons who administer retirement programs established by local governmental entities to invest, reinvest, manage, and select investment options for program assets for financial reasons, excluding environmental, social, and governance interests; requires a fiduciary who renders investment advice and votes shares with respect to certain public programs, including TCRS and non-TCRS retirement programs, to conduct an economic analysis demonstrating the person's vote is for financial reasons. - Amends TCA Title 9, Chapter 4.

Sponsors

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1
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Democratic CaucusRepublican Caucus

Roll Call Votes

27 Yea

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6 Nay

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Calendar

Mar 10

8:30 AM

Senate Finance, Ways And Means Hearing

Mar 17

8:45 AM

Senate Revenue Subcommittee Of Finance, Ways & Means Hearing

Mar 24

10:30 AM

Senate State & Local Government Hearing