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HB 818

Education, Higher - As introduced, changes the date, from October to November 1, by which a public institution of higher education that receives funds from the distribution of credit cards to students or any percentage from the use of cards bearing the college or university name or logo to report the amount of such funds or percentage that it received as well as how the funds were expended during the previous fiscal year. - Amends TCA Title 4; Title 8 and Title 49.

114th Regular Session (2025-2026) Introduced by Johnny Garrett

Tennessee public universities must report credit card revenue and spending by November 1 instead of October 1 annually.

P2C, caption bill, held on desk - pending amdt.
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Bill Summary · HB 818

Legislative bill overview

HB 818 shifts the annual reporting deadline for public higher education institutions receiving revenue from college-branded credit cards from October 1 to November 1. This affects institutions that earn funds through credit card partnerships or licensing agreements using their name and logo, requiring them to report both the amount received and expenditures from the previous fiscal year.

Why is this important

Credit card partnerships generate significant revenue for many colleges and universities—sometimes millions of dollars annually. This reporting requirement creates transparency around how institutions monetize their brand and use these revenues, which students and taxpayers may want to understand. The one-month deadline extension has practical implications for institutional accounting and reporting cycles.

Potential points of contention

  • Minimal substantive change: The bill only delays reporting by one month rather than substantively reforming credit card partnership disclosures, raising questions about whether this addresses real compliance problems or transparency concerns
  • Lack of context on reasoning: The bill provides no explanation for why November 1 is more appropriate than October 1, making it unclear if this reflects genuine administrative necessity or represents a minor convenience accommodation
  • Broader credit card partnership accountability: Critics may argue the bill sidesteps larger questions about whether current revenue-sharing agreements adequately protect students from predatory financial products or whether disclosure requirements are sufficiently robust

Compiled from official sources — confirm details with the bill’s official record.

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