---
type: "Bill"
title: "Trusts - As enacted, expands the persons to whom a private trust company may do business with and limits the ability of the commissioner of financial institutions to modify or revoke certain exemptions granted to a private trust company. - Amends TCA Title 45, Chapter 1 and Title 45, Chapter 2, Part 20."
description: "Trusts - As enacted, expands the persons to whom a private trust company may do business with and limits the ability of the commissioner of financial institutions to modify or revoke certain exemptions granted to a private trust company. - Amends TCA Title 45, Chapter 1 and Title 45, Chapter 2, Part 20."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "110"
identifier: "SB 2242"
citation: "Tennessee SB 2242 (110)"
classification: ["bill"]
subjects: ["Trusts"]
status: "enacted"
primary_sponsors: ["Hawk", "Norris"]
version_count: 1
action_count: 39
vote_count: 3
first_action: "2018-01-23"
last_action: "2018-04-06"
source: "openstates"
source_identifier: "ocd-bill/4f4f56a7-f574-4ea4-b5a2-7caadd84833d"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2242&GA=110"
source_hash: "e40d09b7a70b824d0cacea23a95e3d7a753f6a3b766af82a9d4366edb90fd46b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 2242 (110) — Trusts - As enacted, expands the persons to whom a private trust company may do business with and limits the ability of the commissioner of financial institutions to modify or revoke certain exemptions granted to a private trust company. - Amends TCA Title 45, Chapter 1 and Title 45, Chapter 2, Part 20.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/110/Bill/SB2242.pdf)

## Votes

- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 3/15/2018 PASSED (1) — **94–0** (fail) · lower
- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/27/2018 Passed — **8–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 3/5/2018 PASSED (1) — **28–0** (fail) · upper

## Sponsors

- Hawk — primary (person)
- Norris — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-01-23** Filed for intro. `introduction, reading-1`
- **2018-01-24** Intro., P1C. `introduction`
- **2018-01-25** P2C, ref. to Insurance and Banking Committee `referral-committee`
- **2018-01-30** Assigned to s/c Insurance and Banking Subcommittee `referral-committee`
- **2018-01-31** Filed for introduction `introduction, reading-1`
- **2018-01-31** Placed on s/c cal Insurance and Banking Subcommittee for 2/7/2018
- **2018-02-01** Introduced, Passed on First Consideration `introduction`
- **2018-02-05** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
- **2018-02-06** Sponsor(s) Added.
- **2018-02-07** Sponsor(s) Added.
- **2018-02-07** Placed on s/c cal Insurance and Banking Subcommittee for 2/14/2018
- **2018-02-14** Placed on s/c cal Insurance and Banking Subcommittee for 2/21/2018
- **2018-02-14** Sponsor(s) Added.
- **2018-02-14** Action Def. in s/c Insurance and Banking Subcommittee to 2/21/2018
- **2018-02-21** Placed on Senate Commerce and Labor Committee calendar for 2/27/2018
- **2018-02-21** Placed on cal. Insurance and Banking Committee for 2/27/2018
- **2018-02-21** Rec. for pass by s/c ref. to Insurance and Banking Committee `committee-passage-favorable`
- **2018-02-27** Recommended for passage, refer to Senate Calendar Committee
- **2018-02-27** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2018-03-02** Placed on Senate Consent Calendar 2 calendar for 3/5/2018
- **2018-03-05** Passed Senate, Ayes 28, Nays 0 `passage`
- **2018-03-06** Engrossed; ready for transmission to House
- **2018-03-07** Placed on cal. Calendar & Rules Committee for 3/8/2018
- **2018-03-08** Rcvd. from S., held on H. desk.
- **2018-03-08** H. Placed on Regular Calendar for 3/12/2018
- **2018-03-12** Reset on next avail. cal.
- **2018-03-12** H. Placed on Regular Calendar for 3/15/2018
- **2018-03-12** Reset on next avail. cal.
- **2018-03-15** Enrolled and ready for signatures
- **2018-03-15** Passed H., Ayes 94, Nays 0, PNV 0 `passage`
- **2018-03-15** Subst. for comp. HB.
- **2018-03-15** Comp. SB subst.
- **2018-03-19** Signed by Senate Speaker
- **2018-03-20** Signed by H. Speaker
- **2018-03-21** Transmitted to Governor for action.
- **2018-04-02** Signed by Governor. `executive-signature`
- **2018-04-06** Pub. Ch. 632
- **2018-04-06** Effective date(s) 07/01/2018
- **2018-04-06** Comp. became Pub. Ch. 632

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4f4f56a7-f574-4ea4-b5a2-7caadd84833d`. Confidence: reported (aggregated from official Tennessee legislature records).