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SB 64

Sunset Laws - As enacted, extends the department of financial institutions to June 30, 2029. - Amends TCA Title 4, Chapter 29 and Title 4, Chapter 3.

114th Regular Session (2025-2026) Introduced by Ed Jackson

Tennessee extends the Department of Financial Institutions' authorization through June 30, 2029, preventing the agency's automatic dissolution under state sunset law requirements.

Pub. Ch. 237
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Bill Summary · SB 64

Legislative bill overview

SB 64 extends the sunset date for Tennessee's Department of Financial Institutions from its previous expiration date to June 30, 2029. Sunset laws require state agencies to be periodically reauthorized or they automatically cease to exist, serving as a mechanism for legislative oversight and accountability.

Why is this important

The Department of Financial Institutions regulates banks, credit unions, and other financial entities in Tennessee, protecting consumers and maintaining financial system stability. Without this extension, the department would have ceased operations, disrupting financial regulation and potentially creating legal uncertainty for regulated institutions and their customers.

Potential points of contention

  • Automatic renewal concerns: Sunset extensions can reduce legislative scrutiny if agencies are routinely renewed without meaningful review of their performance and necessity
  • Limited transparency: The bill appears to be a straightforward extension with minimal amendments, raising questions about whether a comprehensive regulatory review occurred before reauthorization
  • Four-year interval: The 2029 deadline provides another window for reauthorization debate, but critics may argue longer or shorter intervals would be preferable for oversight purposes

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

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