House Bill 131, sponsored by Eldridge, amends the Tennessee Code Annotated by modifying Section 29-19-101. The bill designates the existing language as subsection (a) and introduces a new subsection (b), which clarifies that the provisions of subsection (a) do not apply to contracts that are based on wagering considerations under the Tennessee Sports Gaming Act, found in Title 4, Chapter 49, Part 1.

This legislation aims to provide clarity regarding the applicability of certain legal provisions to contracts related to sports gaming, ensuring that such contracts are treated distinctly under the law. The act is set to take effect immediately upon becoming law, emphasizing the urgency of its implementation for the public welfare.

Statutes affected:
Introduced: 29-19-101