Senate Bill 64, sponsored by Roberts, proposes amendments to the Tennessee Code Annotated concerning the Department of Financial Institutions. Specifically, it deletes subdivision (17) from Section 4-29-246(a), which may pertain to the department's structure or functions. Additionally, the bill introduces a new subdivision in Section 4-29-250(a) that formally recognizes the Department of Financial Institutions, as established by Sections 4-3-101 and 4-3-401.

The bill aims to clarify the legal framework surrounding the Department of Financial Institutions by removing outdated or unnecessary provisions and ensuring that the department's existence is explicitly stated in the relevant statutes. This act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for the public welfare.

Statutes affected:
Introduced: 4-29-246(a), 4-29-246, 4-29-250(a), 4-29-250