Tennessee 114th General Assembly Status: Enacted 1 R cosponsors

SB 1870 — AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7, relative to financial institutions.

Last action — Effective date(s) 04/07/2026

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

This bill has been enacted into law. Introduced January 21, 2026. Enacted.

Signed by Governor Bill Lee (Republican) on March 25, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high 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

Likely to advance 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

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

Summary

Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7.

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 Banking & Consumer Affairs Subcommittee

  5. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026

  6. Sponsor(s) Added.

  7. Rec. for pass by s/c ref. to Commerce Committee

  8. Placed on cal. Commerce Committee for 3/11/2026

  9. Rec. for pass; ref to Government Operations Committee

  10. Placed on cal. Government Operations Committee for 3/16/2026

  11. Rec. for pass; ref to Calendar & Rules Committee

  12. Placed on cal. Calendar & Rules Committee for 3/19/2026

  13. H. Placed on Consent Calendar for 3/23/2026

  14. Comp. SB subst.

  15. Comp. became Pub. Ch. 671

  16. Filed for introduction

  17. Introduced, Passed on First Consideration

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

  19. Placed on Senate Commerce and Labor Committee calendar for 2/17/2026

  20. Recommended for passage, refer to Senate Calendar Committee

  21. Placed on Senate Consent Calendar 2 for 2/23/2026

  22. Passed Senate, Ayes 32, Nays 0

  23. Engrossed; ready for transmission to House

  24. Rcvd. from S., held on H. desk.

  25. Subst. for comp. HB.

  26. Passed H., Ayes 82, Nays 0, PNV 2

  27. Enrolled and ready for signatures

  28. Signed by Senate Speaker

  29. Signed by H. Speaker

  30. Transmitted to Governor for action.

  31. Signed by Governor.

  32. Pub. Ch. 671

  33. Effective date(s) 04/07/2026

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

Show all 132 →

"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

Votes

Subjects

finance
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 1870 do?
Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7.
Who sponsors SB 1870?
SB 1870 is sponsored by Johnson, Jack (Republican).
What is the current status of SB 1870?
This bill has been enacted into law. Introduced January 21, 2026. Enacted.
Where can I track SB 1870?
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