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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 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 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 Most recent recorded action (December 1, 2025): Withdrawn.

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): Republican 1

NameRolePartyChamberDistrict
Page WalleyPrimary sponsorRepublicanSenate26

“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. Withdrawn.
  2. Assigned to General Subcommittee of Senate Commerce and Labor Committee
  3. Placed on Senate Commerce and Labor Committee calendar for 3/18/2025
  4. Action deferred in Senate Commerce and Labor Committee to 3/18/2025
  5. Placed on Senate Commerce and Labor Committee calendar for 3/18/2025
  6. Placed on Senate Commerce and Labor Committee calendar for 3/11/2025
  7. Sponsor(s) Added.
  8. Passed on Second Consideration, refer to Senate Commerce and Labor Committee
  9. Introduced, Passed on First Consideration
  10. Filed for introduction

Sources

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