---
type: "Bill"
title: "Treasurer, State - As enacted, prohibits state treasurer from entering into a contract with a state depository if the state depository has a policy prohibiting financing to companies in the fossil fuel industry. - Amends TCA Title 4; Title 9 and Title 12."
description: "Treasurer, State - As enacted, prohibits state treasurer from entering into a contract with a state depository if the state depository has a policy prohibiting financing to companies in the fossil fuel industry. - Amends TCA Title 4; Title 9 and Title 12."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 2649"
citation: "Tennessee SB 2649 (112)"
classification: ["bill"]
subjects: ["State", "Treasurer"]
status: "enacted"
primary_sponsors: ["Gardenhire", "Terry"]
version_count: 2
action_count: 62
vote_count: 8
first_action: "2022-02-02"
last_action: "2022-05-25"
source: "openstates"
source_identifier: "ocd-bill/ffe8077f-811f-476e-8838-84f1dad486f1"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2649&GA=112"
source_hash: "b84226cddc0743e9c26ebb7e5aeac9b746df13ace8ce286a45b62188a6a33cf1"
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 2649 (112) — Treasurer, State - As enacted, prohibits state treasurer from entering into a contract with a state depository if the state depository has a policy prohibiting financing to companies in the fossil fuel industry. - Amends TCA Title 4; Title 9 and Title 12.

## Version chain

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

1. **Amendment HA1003** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/HA1003.pdf)
2. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB2649.pdf)

## Votes

- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/16/2022 (5) — **0–0** (pass) · lower
- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/27/2022 Passed (2) — **77–14** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/26/2022 (4) — **0–0** (pass) · lower
- FLOOR VOTE: Third Consideration 4/7/2022 Passed (1) — **25–5** (pass) · upper
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/23/2022 Passed (2) — **6–2** (pass) · upper
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/27/2022 4/26/2022 (3) — **0–0** (fail) · lower
- FLOOR VOTE: MESSAGE CALENDAR PASSAGE ON THIRD CONSIDERATION 4/28/2022 Passed (1) — **65–21** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Reset on Final cal. of Finance, Ways, and Means Committee 4/5/2022 — **0–0** (fail) · lower

## Sponsors

- Gardenhire — primary (person)
- Terry — primary (person)

## Timeline

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

- **2022-02-02** Filed for introduction `introduction, reading-1`
- **2022-02-02** Intro. `introduction`
- **2022-02-02** Filed for introduction `introduction, reading-1`
- **2022-02-03** Introduced, Passed on First Consideration `introduction`
- **2022-02-03** P1C.
- **2022-02-07** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2022-02-07** P2C, ref. to Finance, Ways, and Means Committee `referral-committee`
- **2022-02-08** Assigned to s/c Finance, Ways, and Means Subcommittee `referral-committee`
- **2022-02-15** Placed on Senate State and Local Government Committee calendar for 2/22/2022
- **2022-02-22** Placed on Senate State and Local Government Committee calendar for 3/1/2022
- **2022-02-22** Action deferred in Senate State and Local Government Committee to 3/1/2022
- **2022-03-01** Placed on Senate State and Local Government Committee calendar for 3/8/2022
- **2022-03-01** Action deferred in Senate State and Local Government Committee to 3/8/2022
- **2022-03-02** Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/9/2022
- **2022-03-08** Action deferred in Senate State and Local Government Committee to 3/15/2022
- **2022-03-09** Placed on Senate State and Local Government Committee calendar for 3/15/2022
- **2022-03-09** Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/16/2022
- **2022-03-09** Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/16/2022
- **2022-03-15** Action deferred in Senate State and Local Government Committee to 3/22/2022
- **2022-03-15** Sponsor(s) Added.
- **2022-03-16** Placed on Senate State and Local Government Committee calendar for 3/22/2022
- **2022-03-16** Placed on cal. Finance, Ways, and Means Committee for 3/22/2022
- **2022-03-16** Rec. for pass by s/c ref. to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2022-03-22** Placed on Senate State and Local Government Committee calendar for 3/23/2022
- **2022-03-22** Action deferred in Senate State and Local Government Committee to 3/23/2022
- **2022-03-22** Action def. in Finance, Ways, and Means Committee to 4/5/2022
- **2022-03-23** Recommended for passage, refer to Senate Calendar Committee
- **2022-03-29** Sponsor(s) Added.
- **2022-03-30** Placed on cal. Finance, Ways, and Means Committee for 4/5/2022
- **2022-04-05** Placed on Senate Regular Calendar for 4/7/2022
- **2022-04-05** Reset on Final cal. of Finance, Ways, and Means Committee
- **2022-04-07** Engrossed; ready for transmission to House
- **2022-04-07** Sponsor(s) Added.
- **2022-04-07** Passed Senate, Ayes 25, Nays 5 `passage`
- **2022-04-07** Sponsor(s) Added.
- **2022-04-08** Sponsor(s) Added.
- **2022-04-11** Rcvd. from S., held on H. desk.
- **2022-04-20** Placed on cal. Finance, Ways, and Means Committee for 4/26/2022
- **2022-04-26** H. Placed on Regular Calendar for 4/27/2022
- **2022-04-26** Placed on cal. Calendar & Rules Committee for 4/26/2022
- **2022-04-26** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2022-04-27** H. Placed on Message Calendar for 4/28/22
- **2022-04-27** Senate refused to concur in amendment `amendment-failure`
- **2022-04-27** Placed on Senate Message Calendar 2 for 4/27/2022
- **2022-04-27** Passed H., as am., Ayes 77, Nays 14, PNV 0 `passage`
- **2022-04-27** H. adopted am. (Amendment 1 - HA1003) `amendment-passage`
- **2022-04-27** Subst. for comp. HB.
- **2022-04-27** Comp. SB subst.
- **2022-04-27** Sponsor(s) Added.
- **2022-04-28** Passed H., Ayes 65, Nays 21, PNV 0 `passage`
- **2022-04-28** H Am. 1 reconsidered, withdrawn. (HA 1003)
- **2022-04-28** Motion to reconsider adopted.
- **2022-04-28** Motion to lift from table adopted.
- **2022-04-28** Sponsor(s) Added.
- **2022-05-02** Transmitted to Governor for action.
- **2022-05-02** Signed by H. Speaker
- **2022-05-02** Signed by Senate Speaker
- **2022-05-02** Enrolled and ready for signatures
- **2022-05-11** Signed by Governor. `executive-signature`
- **2022-05-25** Effective date(s) 07/01/2022
- **2022-05-25** Pub. Ch. 1039
- **2022-05-25** Comp. became Pub. Ch. 1039

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ffe8077f-811f-476e-8838-84f1dad486f1`. Confidence: reported (aggregated from official Tennessee legislature records).