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

SB 242: Housing - As introduced, enacts the "Homes not Hedge Funds Act"; prohibits certain business entities from purchasing more than 100 single-family homes in certain counties in this state for purposes of renting the purchased properties; establishes a state and private cause of action and establishes damages for violations. - Amends TCA Title 13; Title 47 and Title 66.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 242 is a bill introduced in the Tennessee Senate on January 22, 2025. According to its official title, it concerns: Housing - As introduced, enacts the "Homes not Hedge Funds Act"; prohibits certain business entities from purchasing more than 100 single-family homes in certain counties in this state for purposes of renting the purchased properties; establishes a state and private cause of action and establishes damages for violations. - Amends TCA Title 13; Title 47 and Title 66. Primary sponsor: Charlane Oliver (Democratic). Most recent recorded action (March 12, 2026): Rcvd. from S., held on H. desk.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Charlane OliverPrimary sponsorDemocraticSenate19

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Rcvd. from S., held on H. desk.
  2. Senate adopted Amendment (Amendment 1 - SA0555)
  3. Passed Senate as amended, Ayes 31, Nays 1
  4. Sponsor(s) Added.
  5. Engrossed; ready for transmission to House
  6. Placed on Senate Regular Calendar for 3/9/2026
  7. Sponsor(s) Added.
  8. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 7, Nays 0 PNV 1
  9. Placed on Senate State and Local Government Committee calendar for 3/3/2026
  10. Action deferred in Senate State and Local Government Committee to first calendar of 2026
  11. Placed on Senate State and Local Government Committee calendar for 3/18/2025
  12. Passed on Second Consideration, refer to Senate State and Local Government Committee

Showing 12 most recent of 14 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source