Tennessee House Bill HB0602

Tennessee 2023-2024 Regular Session

• Introduced: 1/26/23

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

The bill is likely to impact the statutory framework governing commerce in Tennessee by changing the regulations that businesses must adhere to. Such amendments could facilitate easier business transactions by adjusting current legal stipulations that may have set a lower operational threshold. It is anticipated that this change will enhance the ease of doing business within the state, although it may also alter how compliance is enforced.

Summary

House Bill 0602 proposes amendments to various sections of the Tennessee Code Annotated, specifically targeting Titles 4, 12, 43, 45, 47, 48, 50, 61, 66, and 67. The primary intent of the bill appears to be an adjustment in commerce-related regulations, notably increasing a numerical threshold within the existing legislation from three to five. This suggests an effort to modify the regulatory environment concerning commercial practices in Tennessee.

Sentiment

General sentiment surrounding HB0602 appears to be cautiously optimistic, with supporters highlighting the potential benefits for business operations and economic growth. However, there may be concerns among some stakeholders about the implications of changing legal thresholds and whether this adjustment sufficiently addresses current regulatory burdens without compromising essential consumer protections.

Contention

Notable points of contention may arise regarding the specific changes proposed in the numerical threshold. Critics could argue that increasing the threshold might dilute certain regulations aimed at protecting consumers or ensuring fair competition in the marketplace. Debates may focus on whether the amendments provide enough benefit to businesses compared to possible negative impacts on regulatory oversight.