House Bill 353, sponsored by Powers, proposes an amendment to Tennessee Code Annotated, specifically Section 45-1-119(a), which pertains to financial institutions. The bill seeks to modify the timeframe in which certain actions must be taken by changing the requirement from "within sixty (60) days" to "within forty-five (45) days."

This adjustment aims to streamline processes related to financial institutions, potentially enhancing efficiency and responsiveness. The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare.

Statutes affected:
Introduced: 45-1-119(a), 45-1-119