Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
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PUBLIC CHAPTER NO. 910
HOUSE BILL NO. 1447
By Representatives Baum, McCalmon, Vital, Sparks, Reeves, Maberry, White
Substituted for: Senate Bill No. 2397
By Senator Yarbro
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9 and Title 50,
relative to retirement.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 9, Chapter 4, is amended by adding the
following as a new part:
9-4-1601.
This part is known and may be cited as the "Tennessee Trump Account Program
Act".
9-4-1602.
As used in this part, unless the context otherwise requires:
(1) "Federal law" means federal law, as amended, and all rules,
regulations, notices, guidance, and interpretations released by the United States
department of the treasury, including the internal revenue service.
(2) "State" means the state of Tennessee; and
(3) "Trump account" means an account established in accordance with §
530A of the Internal Revenue Code (26 U.S.C. § 530A), as amended, other
applicable provisions in the code, and all rules, regulations, notices, guidance
and interpretations released by the United States department of the treasury,
including the internal revenue service.
9-4-1603.
Notwithstanding any law to the contrary and subject to the approval of the United
States department of the treasury, the state may act as a nonbank custodian pursuant to
26 CFR § 1.408-2(e) for Trump account funds, subject to requirements in federal law. If
the state receives the approval to act as a nonbank custodian pursuant to 26 CFR §
1.408-2(e), then a Trump account program may be established through a subsequent
enactment of the general assembly.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.
HOUSE BILL NO. 1447
PASSED: April 13, 2026
CAMERON.6EXTON,SPEAKER
HOUSE OF REPRESENTATIVES
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RANDY MCI'
SPEAKER OF THE SE
APPROVED this /-!,t day of ~ . . 2026
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BILL LEE, GOVERNOREvery fact on this page links to its source, starting with the official bill record.