Senate Bill 317 aims to enhance transparency regarding the political activities of organizations influenced by foreign entities deemed hostile to the United States, specifically naming the People's Republic of China, the Russian Federation, the People's Republic of North Korea, and the Islamic Republic of Iran. The bill introduces a new part to the Tennessee Code Annotated, which defines terms such as "agent of a hostile foreign principal" and "foreign-supported political organization." It mandates that individuals acting as agents for these foreign principals must register with the Tennessee ethics commission, providing detailed information about their activities, funding sources, and any contributions received. Additionally, foreign-supported political organizations are required to register and disclose their financial activities and affiliations.

The bill also establishes penalties for non-compliance, allowing the Tennessee ethics commission to investigate violations and impose fines ranging from $500 for minor infractions to $10,000 for willful or repeated violations. The commission is empowered to refer cases to the attorney general for further legal action if necessary. This legislation is designed to ensure that voters and policymakers in Tennessee can assess the influence of foreign interests on local political activities, thereby promoting greater accountability and transparency in the political process.