Campaigns and Campaign Finance - As enacted, revises present law to designate as a political campaign committee for purposes of reporting expenditures pursuant to campaign finance laws a corporation that uses corporate f, the official text

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                             PUBLIC CHAPTER NO. 434

                                                    SENATE BILL NO. 621

                                               By Briggs, Bowling, Campbell

                                            Substituted for: House Bill No. 456

                                                    By Rudd, Howell, Todd

AN ACT to amend Tennessee Code Annotated, Title 2, Chapter 10, relative to campaign finance.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

          SECTION 1. Tennessee Code Annotated, Section 2-10-132(a), is amended by deleting the
language:

          Notwithstanding any law to the contrary, a corporation that uses corporatefunds, moneys or
          credits for communications expressly advocating the election or defeat of a clearly identified
          candidate which funds, moneys or credits are not used with the cooperation or with the prior
          consent of, or in consultation with, or at the request of, or suggestion of, a candidate or any
          agent or authorized committee of the candidate shall be considered a political campaign
          committee for purposes of reporting such expenditures.

and substituting instead:

          Notwithstanding any law to the contrary, a corporation that uses corporate funds, moneys, or
          credits for communications expressly supporting or opposing the election or defeat of a
          clearly identified candidate or elected official, and such funds, moneys, or credits are not
          used with the cooperation or with the prior consent of, or in consultation with, or at the
          request of, or suggestion of, a candidate or elected official or any agent or authorized
          committee of the candidate or elected official, such corporation is considered a political
          campaign committee for purposes of reporting such expenditures.

          SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.
         SENATE BILL NO. 621

PASSED:  Apri I 21, 2025

                                       RANDY l/lcNALLY
                          SPEAKER OF THJJ SENATE

                                        -~
                          CAMERONSEXTON,SPEAKER

                          HOUSE OF REPRESENTATIVES

<Y\a ~ APPROVED this      AL\
         day of                 2025

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         BILL LEE, GOVERNOR