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

SB 40: Economic and Community Development - As introduced, enacts the "Employee Ownership, Empowerment, and Expansion Act" to support the growth and expansion of employee-owned businesses. - Amends TCA Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67.

In committee Last action December 1, 2025: Withdrawn.

Plain-language summary

SB 40 is a bill introduced in the Tennessee Senate on January 7, 2025. According to its official title, it concerns: Economic and Community Development - As introduced, enacts the "Employee Ownership, Empowerment, and Expansion Act" to support the growth and expansion of employee-owned businesses. - Amends TCA Title 4; Title 8; Title 9; Title 12, Chapter 3; Title 45; Title 50; Title 56, Chapter 1 and Title 67. Primary sponsor: Page Walley (Republican). Most recent recorded action (December 1, 2025): Withdrawn.

Sponsors

Primary sponsor: Page Walley (Republican).