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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
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
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Stevens | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Comp. became Pub. Ch. 289
- Companion House Bill substituted
- Sponsor(s) Added.
- Placed on Senate Regular Calendar for 4/9/2025
- Recommended for passage, refer to Senate Calendar Committee
- Action deferred in Senate State and Local Government Committee to 4/2/2025
- Placed on Senate State and Local Government Committee calendar for 4/2/2025
- Placed on Senate State and Local Government Committee calendar for 4/1/2025
- Reset on Final calendar of Senate State and Local Government Committee
- Placed on Senate State and Local Government Committee calendar for 3/11/2025
- Action deferred in Senate State and Local Government Committee to 3/11/2025
- Placed on Senate State and Local Government Committee calendar for 2/25/2025
Showing 12 most recent of 15 actions. Full history