Tennessee Senate Bill 2523

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2024 - 25% progression
Action: 2024-03-12 - Assigned to General Subcommittee of Senate Commerce and Labor Committee
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #1) [PDF]

As introduced, redesignates sanctioned foreign governmental and business entities and persons connected with such entities as foreign adversaries; restates the order in which proceeds from the sale of property acquired illegally are disbursed by requiring that the attorney general and bona fide lien holders be reimbursed from such proceeds prior to any remaining funds being paid to the restricted foreign entity; adds banks, credit unions, and those licensed by the department of financial institutions to the list of persons and entities that are exempt from liability under this part. - Amends TCA Title 66, Chapter 2.

AN ACT to amend Tennessee Code Annotated, Title 66, Chapter 2, relative to property.

Sen. Frank Niceley [R]

Date	Chamber	Action
2024-03-12	Senate	Assigned to General Subcommittee of Senate Commerce and Labor Committee
2024-03-08	Senate	Placed on Senate Commerce and Labor Committee calendar for 3/12/2024
2024-03-06	Senate	Placed on Senate Commerce and Labor Committee calendar for 3/12/2024
2024-02-05	Senate	Passed on Second Consideration, refer to Senate Commerce and Labor Committee
2024-02-01	Senate	Introduced, Passed on First Consideration
2024-01-31	Senate	Filed for introduction

HB2353 (Crossfiled) 2024-02-01 - Assigned to s/c Property & Planning Subcommittee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2523&ga=113
Text	https://www.capitol.tn.gov/Bills/113/Bill/SB2523.pdf
Supplement	https://www.capitol.tn.gov/Bills/113/Fiscal/HB2353.pdf