Tennessee Senate Bill SB1291

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 4; Title 12; Title 43; Title 45; Title 47; Title 48; Title 50; Title 61; Title 66 and Title 67, relative to commerce.

Impact

If passed, SB1291 could significantly modernize the legal structure governing commerce in Tennessee. By amending the relevant sections of the Tennessee Code Annotated, the bill could potentially eliminate outdated regulations that restrict business operations. Proponents of the bill believe that by raising the limit from three to five, businesses will face fewer bureaucratic barriers, thereby promoting investment and economic activity within the state. This legislative change may also align Tennessee's laws more closely with contemporary business practices and standards, further enhancing the state's appeal as a business-friendly environment.

Summary

Senate Bill 1291 is a legislative measure aimed at amending various sections of the Tennessee Code Annotated, specifically focusing on titles that pertain to commerce. The bill proposes to change the current legal framework by altering a specific provision related to the regulatory environment for businesses. One of the key modifications includes increasing the threshold from three to five, which may impact business operations and regulatory compliance requirements in the state. With this amendment, SB1291 aims to streamline the regulatory process, which supporters argue could foster a more conducive atmosphere for economic growth and commerce-related activities in Tennessee.

Contention

While the bill has received backing from various business groups and commercial advocates who emphasize the need for regulatory reform to stimulate economic development, there may also be notable points of contention. Critics could raise concerns about the implications of increased flexibility in commerce regulations, suggesting that loosening restrictions might lead to inadequate oversight in essential areas like consumer protection or environmental considerations. As the bill progresses through the legislative process, discussions are likely to focus on balancing economic interests with ensuring adequate regulatory protections for the public.