Senate Bill 2682 amends Tennessee law to establish new regulations regarding investments by public officials and their spouses. The bill defines "covered investments" to include direct investments in stocks, commodities, and similar economic assets, as well as indirect investments in funds and trusts, while explicitly excluding diversified mutual funds, treasury bonds, and interests in retirement plans. It mandates that public officials, which include the governor, members of the general assembly, and U.S. representatives from Tennessee, must either divest from covered investments or place them in a blind trust by October 1, 2026, or within ninety days of taking office for newly elected or appointed officials.

Additionally, the bill requires public officials to submit a certificate of compliance to the commissioner and provides for the possibility of a forty-five-day extension for compliance under certain circumstances. Violations of this section may result in civil penalties of up to $1,000 per day. The commissioner is also granted the authority to create rules to implement these regulations, which must adhere to the Uniform Administrative Procedures Act. The act is set to take effect on July 1, 2026.