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) and adds a new subdivision to 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The bill aims to streamline the legal framework surrounding the Department of Financial Institutions by removing outdated provisions and clarifying its establishment within the state code. The act is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.

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