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PUBLIC CHAPTER NO. 126
SENATE BILL NO. 1279
By Johnson
Substituted for: House Bill No. 110
By Lamberth, Cochran, Bricken
AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2, relative to banking.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 45, Chapter 2, Part 8, is amended by adding
the following as a new section:
(a) Without limiting this part, the commissioner may determine the type, amounts, and
other characteristics of deposit insurance required to be maintained by each state bank. In
making the determination, the commissioner shall consider the following factors:
(1) The safety and soundness of the state bank;
(2) The ability of the state bank to promote the economic progress of this state;
(3) Public confidence in the banking system;
(4) The views of the banking industry in this state; and
(5) Any other factors the commissioner may deem relevant.
(b) The commissioner may promulgate rules to implement this section. The rules must
be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in
title 4, chapter 5.
SECTION 2. This act takes effect July 1, 2025, the public welfare requiring it.
SENATE BILL NO. 1279
PASSED: March 24, 2025
YMcNALLY
HE SENATE
CAMEROl'Jlel'EXTON,SPEAKER
HOUSE OF REPRESENTATIVES
APPROVED this - ~ day of /){)rif 2025
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