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

SB 542: Pensions and Retirement Benefits - As enacted, requires the TCRS board of trustees to divest the retirement system from investment activity it has in a company known to be majority-owned by China; requires a local governing body to divest its political subdivision pension plan from investment activity it has in a company known to be majority-owned by China. - Amends TCA Title 9, Chapter 4, Part 15.

In committee Last action April 28, 2025: Comp. became Pub. Ch. 289

Plain-language summary

SB 542 is a bill introduced in the Tennessee Senate on January 30, 2025. According to its official title, it concerns: Pensions and Retirement Benefits - As enacted, requires the TCRS board of trustees to divest the retirement system from investment activity it has in a company known to be majority-owned by China; requires a local governing body to divest its political subdivision pension plan from investment activity it has in a company known to be majority-owned by China. - Amends TCA Title 9, Chapter 4, Part 15. Primary sponsor: Stevens. Most recent recorded action (April 28, 2025): Comp. became Pub. Ch. 289.

Sponsors

Primary sponsor: Stevens.