SB 1137 - HB 1339
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 18, 2025
Fiscal Analyst: Christine Drescher | Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564
SB 1137 - HB 1339
SUMMARY OF BILL: Authorizes a litigation financier, who is not a business entity or
partnership, to withdraw its registration with the Secretary of State (SOS) by filing a form prescribed
by the SOS along with a filing fee of $20.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Tennessee Code Annotated § 47-16-103(c) currently allows a litigation financier, who is not
a business entity or partnership, to amend its registration with the SOS by filing an
amendment on a form prescribed by the SOS, along with a $20 filing fee.
• According to the SOS, there are currently no individuals or sole proprietorships that are
registered as litigation financiers.
• The SOS will be able to update its forms to allow for the amending or withdraw of
registrations by utilizing existing resources and without any increase in state expenditures.
• Any impact on state revenue will be not significant.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• The proposed legislation will not result in any significant impact to commerce or jobs in
Tennessee.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director