---
type: "Bill"
title: "Financial Institutions, Dept. of - As enacted, enacts the \"Money Transmission Modernization Act.\" - Amends TCA Title 45."
description: "Financial Institutions, Dept. of - As enacted, enacts the \"Money Transmission Modernization Act.\" - Amends TCA Title 45."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "113"
identifier: "SB 268"
citation: "Tennessee SB 268 (113)"
classification: ["bill"]
subjects: ["Dept. of", "Financial Institutions"]
status: "enacted"
primary_sponsors: ["Johnson"]
version_count: 1
action_count: 18
vote_count: 3
first_action: "2023-01-19"
last_action: "2023-04-18"
source: "openstates"
source_identifier: "ocd-bill/b94eb444-6100-409d-89e6-a96fd356652d"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0268&GA=113"
source_hash: "a560cab1d1b3489ddaf66df8c359b897a1f1cd8e5002405cf8e8e562c53d8293"
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 268 (113) — Financial Institutions, Dept. of - As enacted, enacts the "Money Transmission Modernization Act." - Amends TCA Title 45.

## Version chain

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

1. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Bill/SB0268.pdf)

## Votes

- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/21/2023 Passed (2) — **9–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 2/27/2023 Passed (1) — **32–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/20/2023 Passed (1) — **78–10** (pass) · lower

## Sponsors

- Johnson — primary (person)

## Timeline

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

- **2023-01-19** Filed for introduction `filing`
- **2023-01-20** Introduced, Passed on First Consideration `introduction`
- **2023-01-21** Passed on Second Consideration, refer to Senate Commerce and Labor Committee `passage`
- **2023-02-14** Placed on Senate Commerce and Labor Committee calendar for 2/21/2023
- **2023-02-21** Recommended for passage, refer to Senate Calendar Committee
- **2023-02-24** Placed on Senate Consent Calendar 2 for 2/27/2023
- **2023-02-27** Engrossed; ready for transmission to House `receipt`
- **2023-02-27** Passed Senate, Ayes 32, Nays 0 `passage`
- **2023-03-02** Rcvd. from S., held on H. desk.
- **2023-03-20** Passed H., Ayes 78, Nays 10, PNV 2 `passage`
- **2023-03-20** Subst. for comp. HB. `substitution`
- **2023-03-22** Signed by Senate Speaker `passage`
- **2023-03-22** Enrolled and ready for signatures `enrolled`
- **2023-03-23** Signed by H. Speaker `passage`
- **2023-03-24** Transmitted to Governor for action. `executive-receipt`
- **2023-04-04** Signed by Governor. `executive-signature`
- **2023-04-18** Effective date(s) 01/01/2024
- **2023-04-18** Pub. Ch. 115

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b94eb444-6100-409d-89e6-a96fd356652d`. Confidence: reported (aggregated from official Tennessee legislature records).