---
type: "Bill"
title: "Banks and Financial Institutions - As enacted, removes requirement that all individuals who control a private trust company must be family members; authorizes commissioner of financial institutions to publicly disclose any written agreement jointly issued to a bank by the commissioner, FDIC, and federal reserve board or board's designee. - Amends TCA Section 45-2-1603 and Section 45-2-2001."
description: "Banks and Financial Institutions - As enacted, removes requirement that all individuals who control a private trust company must be family members; authorizes commissioner of financial institutions to publicly disclose any written agreement jointly issued to a bank by the commissioner, FDIC, and federal reserve board or board's designee. - Amends TCA Section 45-2-1603 and Section 45-2-2001."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "111"
identifier: "SB 2165"
citation: "Tennessee SB 2165 (111)"
classification: ["bill"]
subjects: ["Banks and Financial Institutions"]
status: "enacted"
primary_sponsors: ["Johnson", "Lamberth"]
version_count: 1
action_count: 30
vote_count: 6
first_action: "2020-02-03"
last_action: "2020-03-26"
source: "openstates"
source_identifier: "ocd-bill/7b41d442-ccdb-43b3-a83c-a6fbe24590d0"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2165&GA=111"
source_hash: "faf1459828140a2d244784f39bb1e893b81fca098e4e2029cb4c3020a795336d"
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 2165 (111) — Banks and Financial Institutions - As enacted, removes requirement that all individuals who control a private trust company must be family members; authorizes commissioner of financial institutions to publicly disclose any written agreement jointly issued to a bank by the commissioner, FDIC, and federal reserve board or board's designee. - Amends TCA Section 45-2-1603 and Section 45-2-2001.

## 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/111/Bill/SB2165.pdf)

## Votes

- HOUSE BANKING & INVESTMENTS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/18/2020 (4) — **0–0** (pass) · lower
- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 3/2/2020 Passed (1) — **99–0** (pass) · lower
- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/18/2020 Passed (2) — **9–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 2/24/2020 Passed (1) — **30–0** (pass) · upper
- HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/25/2020 (3) — **0–0** (pass) · lower
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/2/2020 Passed (2) — **99–0** (pass) · lower

## Sponsors

- Johnson — primary (person)
- Lamberth — primary (person)

## Timeline

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

- **2020-02-03** Filed for introduction `reading-1, introduction`
- **2020-02-03** Filed for introduction `reading-1, introduction`
- **2020-02-05** Intro., P1C. `introduction`
- **2020-02-06** Introduced, Passed on First Consideration `introduction`
- **2020-02-06** P2C, ref. to Commerce Committee `referral-committee`
- **2020-02-10** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
- **2020-02-10** Assigned to s/c Banking & Investments Subcommittee `referral-committee`
- **2020-02-11** Placed on Senate Commerce and Labor Committee calendar for 2/18/2020
- **2020-02-12** Placed on s/c cal Banking & Investments Subcommittee for 2/18/2020
- **2020-02-18** Recommended for passage, refer to Senate Calendar Committee
- **2020-02-18** Rec. for pass by s/c ref. to Commerce Committee `committee-passage-favorable`
- **2020-02-19** Placed on cal. Commerce Committee for 2/25/2020
- **2020-02-20** Placed on Senate Consent Calendar 2 for 2/24/2020
- **2020-02-24** Passed Senate, Ayes 30, Nays 0 `passage`
- **2020-02-25** Engrossed; ready for transmission to House
- **2020-02-25** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2020-02-26** Placed on cal. Calendar & Rules Committee for 2/27/2020
- **2020-02-27** Rcvd. from S., held on H. desk.
- **2020-02-27** H. Placed on Consent Calendar for 3/2/2020
- **2020-03-02** Passed H., Ayes 99, Nays 0, PNV 0 `passage`
- **2020-03-02** Subst. for comp. HB.
- **2020-03-02** Comp. SB subst.
- **2020-03-05** Enrolled and ready for signatures
- **2020-03-09** Signed by Senate Speaker
- **2020-03-10** Transmitted to Governor for action.
- **2020-03-10** Signed by H. Speaker
- **2020-03-19** Signed by Governor. `executive-signature`
- **2020-03-26** Pub. Ch. 581
- **2020-03-26** Effective date(s) 03/19/2020
- **2020-03-26** Comp. became Pub. Ch. 581

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7b41d442-ccdb-43b3-a83c-a6fbe24590d0`. Confidence: reported (aggregated from official Tennessee legislature records).