HB 161 – SB 696
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 5, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
HB 161 – SB 696
SUMMARY OF BILL: Increases, from one percent to twenty percent, the aggregate share
of their admitted assets that domestic insurance companies are authorized to have invested in
foreign securities and investments. Authorizes domestic insurance companies to invest in certain
money market funds. Increases, from five percent to ten percent, the aggregate share of their
admitted assets that domestic insurance companies are authorized to have invested in certain loans
and investments relative to real property.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumption:
• According to the Department of Commerce and Insurance, the proposed legislation will
not have a significant impact on its rules or regulations; any impact is estimated to be not
significant.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• The provisions of the proposed legislation are not estimated to result in a significant impact
or commerce or jobs in Tennessee.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director