Tennessee 114th General Assembly Status: Introduced 2 R cosponsors

SB 0040 — AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67, relative to employee-owned businesses.

Last action — Withdrawn.

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 07, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Economic and Community Development - As introduced, enacts the "Employee Ownership, Empowerment, and Expansion Act" to support the growth and expansion of employee-owned businesses. - Amends TCA Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67.

Bill Text

Action History

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to Commerce Committee - Government Operations for Review

  4. Assigned to s/c Business & Utilities Subcommittee

  5. Placed on s/c cal Business & Utilities Subcommittee for 3/12/2025

  6. Action Def. in s/c Business and Utilities Subcommittee to 3/19/2025

  7. Placed on s/c cal Business & Utilities Subcommittee for 3/19/2025

  8. No Action Taken

  9. Placed on s/c cal Business & Utilities Subcommittee for 1/21/2026

  10. Taken off notice for cal in s/c Business and Utilities Subcommittee of Commerce Committee

  11. Filed for introduction

  12. Introduced, Passed on First Consideration

  13. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  14. Sponsor(s) Added.

  15. Placed on Senate Commerce and Labor Committee calendar for 3/11/2025

  16. Action deferred in Senate Commerce and Labor Committee to 3/18/2025

  17. Placed on Senate Commerce and Labor Committee calendar for 3/18/2025

  18. Placed on Senate Commerce and Labor Committee calendar for 3/18/2025

  19. Assigned to General Subcommittee of Senate Commerce and Labor Committee

  20. Withdrawn.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 131 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (131)

131 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 0040 do?
Economic and Community Development - As introduced, enacts the "Employee Ownership, Empowerment, and Expansion Act" to support the growth and expansion of employee-owned businesses. - Amends TCA Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67.
Who sponsors SB 0040?
SB 0040 is sponsored by Walley, Page (Republican) and Crowe, Rusty (Republican).
What is the current status of SB 0040?
This bill has been introduced in the Senate. Introduced January 07, 2025. It must pass committee before a floor vote.
Where can I track SB 0040?
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Last checked for changes 3 months ago · updated continuously

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