---
type: "Bill"
title: "Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7."
description: "Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "114"
identifier: "SB 1870"
citation: "Tennessee SB 1870 (114)"
classification: ["bill"]
subjects: ["Dept. of", "Financial Institutions"]
status: "enacted"
primary_sponsors: ["Johnson"]
version_count: 1
action_count: 18
vote_count: 2
first_action: "2026-01-21"
last_action: "2026-04-13"
source: "openstates"
source_identifier: "ocd-bill/da665411-e547-4391-81c4-0be0d2880fb8"
source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=SB1870&ga=114"
source_hash: "336357e7dbd6a31f0aa4b3ad74f582e9689ad73d818ad9bfdd04ea863048283d"
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 1870 (114) — Financial Institutions, Dept. of - As enacted, terminates the state credit union share insurance corporation that protects or guarantees shareholdings and deposits of member credit unions against loss; terminates the capital fund held by the corporation that consists of capital contributions and special assessments paid by member credit unions; makes other revisions pertaining to credit unions. - Amends TCA Title 45, Chapter 2; Title 45, Chapter 4 and Title 45, Chapter 7.

## Version chain

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

1. **Current Version** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Bill/SB1870.pdf)

## Votes

- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/17/2026 Passed (2) — **8–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 2/23/2026 Passed (1) — **32–0** (pass) · upper

## Sponsors

- Johnson — primary (person)

## Timeline

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

- **2026-01-21** Filed for introduction `filing`
- **2026-01-22** Introduced, Passed on First Consideration `introduction`
- **2026-02-02** Passed on Second Consideration, refer to Senate Commerce and Labor Committee `referral-committee`
- **2026-02-10** Placed on Senate Commerce and Labor Committee calendar for 2/17/2026
- **2026-02-17** Recommended for passage, refer to Senate Calendar Committee
- **2026-02-20** Placed on Senate Consent Calendar 2 for 2/23/2026
- **2026-02-23** Engrossed; ready for transmission to House `receipt`
- **2026-02-23** Passed Senate, Ayes 32, Nays 0 `passage`
- **2026-02-26** Rcvd. from S., held on H. desk.
- **2026-03-23** Passed H., Ayes 82, Nays 0, PNV 2 `passage`
- **2026-03-23** Subst. for comp. HB. `substitution`
- **2026-03-24** Enrolled and ready for signatures `enrolled`
- **2026-03-25** Signed by Senate Speaker `passage`
- **2026-03-26** Signed by H. Speaker `passage`
- **2026-03-27** Transmitted to Governor for action. `executive-receipt`
- **2026-04-07** Signed by Governor. `executive-signature`
- **2026-04-13** Effective date(s) 04/07/2026
- **2026-04-13** Pub. Ch. 671

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/da665411-e547-4391-81c4-0be0d2880fb8`. Confidence: reported (aggregated from official Tennessee legislature records).