Tennessee Senate Bill SB0487

Tennessee 2025-2026 Regular Session

• Introduced: 1/29/25

Caption

AN ACT to amend Tennessee Code Annotated, Title 4; Title 9; Title 45; Title 47 and Title 56, relative to consumer protection.

Impact

Should SB0487 be enacted, the reduction in the financial threshold would have a cascading effect on how consumer protection is administered in Tennessee. The change may lead to a more streamlined regulatory approach that reflects a more realistic assessment of fiscal responsibility and market conditions. This could foster better compliance among businesses and improve consumer trust in protective measures. However, it also raises concerns regarding the adequacy of consumer protections if the threshold is perceived as too lenient.

Summary

Senate Bill 487 (SB0487) seeks to amend various sections of the Tennessee Code Annotated concerning consumer protection. The main focus of the bill is to revise certain financial thresholds previously established under the law. Specifically, the bill proposes to reduce the financial limit specified in Tennessee Code Annotated, Section 45-1-128(a)(1) from one hundred billion dollars ($100,000,000,000) to fifty billion dollars ($50,000,000,000). This substantial change in the consumer protection regulation is aimed at ensuring appropriate protective measures for consumers while potentially reducing the regulatory burdens on some entities operating within the state.

Contention

The discussions around SB0487 may involve notable points of contention, particularly from consumer advocacy groups worried that reducing the financial limit may weaken protections. These stakeholders might argue that such changes could lead to increased risks for consumers, especially those vulnerable to financial fraud or predatory practices. Proponents of the bill, however, might argue it is a necessary adjustment to align regulatory practices with current economic realities and to support businesses operating under these regulations.