Tennessee · 114th Regular Session (2025-2026) · Bill

SB 1870: Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7.

Enacted Last action April 13, 2026: Pub. Ch. 671

Plain-language summary

SB 1870 is a bill introduced in the Tennessee Senate on January 21, 2026. According to its official title, it concerns: Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7. Primary sponsor: Johnson. Most recent recorded action (April 13, 2026): Pub. Ch. 671.

Sponsors

Primary sponsor: Johnson.