House Bill 1884 and Senate Bill 1956 propose amendments to the Tennessee Code Annotated regarding corporate entities. The bills introduce a new section that mandates state agencies to deny, revoke, or refuse the issuance or renewal of certifications, registrations, licenses, or permits to corporate entities if there is satisfactory proof that an officer, director, or employee of the entity provides material support or resources to designated entities or organizations involved in terrorism. The definition of "designated entity" includes those recognized by the U.S. Department of State as foreign terrorist organizations or by the Department of Treasury as specially designated nationals.

Additionally, the bills clarify the term "material support or resources," which encompasses a wide range of tangible and intangible properties and services, while explicitly excluding medicine and religious materials. The legislation aims to enhance the scrutiny of corporate entities in relation to national security concerns. The act will take effect upon becoming law, with the public welfare requiring it.