Tennessee House Bill HB2243

Tennessee 2023-2024 Regular Session

• Introduced: 1/29/24
• Refer: 3/6/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 48, relative to securities.

Impact

The enactment of HB2243 is designed with the intention of streamlining or clarifying certain aspects of securities law in Tennessee. By removing subdivision (B), the bill may eliminate outdated or redundant provisions that no longer serve their intended purpose. This could lead to greater clarity for investors and financial institutions operating within the state, enhancing the overall regulatory environment associated with securities transactions.

Summary

House Bill 2243 proposes amendments to Tennessee Code Annotated, specifically targeting regulations concerning securities. The bill seeks to modify a section of the existing code by deleting subdivision (B) from Section 48-1-103(a)(6). This change is aimed at refining the legal framework surrounding securities within the state, potentially altering the standards or requirements currently in place.

Contention

While HB2243 does not appear to have generated significant public controversy or debate, the broader implications of modifying securities regulations can often evoke differing opinions among stakeholders. Financial advisors, investment firms, and regulatory bodies might have varying perspectives on the change, particularly regarding how it could impact compliance requirements, investor protections, and the overall attractiveness of the Tennessee investment landscape.