Fabio
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5.0 KiB
Markdown
91 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "Securities - As enacted, exempts from certain requirements under the Tennessee Securities Act of 1980 securities that meet requirements for federal exemption for intrastate offerings under Rule 147A, which allows offers to be accessible to certain out-of-state residents and companies incorporated or organized out of state. - Amends TCA Title 48."
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description: "Securities - As enacted, exempts from certain requirements under the Tennessee Securities Act of 1980 securities that meet requirements for federal exemption for intrastate offerings under Rule 147A, which allows offers to be accessible to certain out-of-state residents and companies incorporated or organized out of state. - Amends TCA Title 48."
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jurisdiction: "us/states/tn"
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legislature: "Tennessee General Assembly"
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session: "111"
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identifier: "SB 1990"
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citation: "Tennessee SB 1990 (111)"
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classification: ["bill"]
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subjects: ["Securities"]
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status: "enacted"
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primary_sponsors: ["Garrett", "Stevens"]
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version_count: 1
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action_count: 30
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vote_count: 6
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first_action: "2020-01-27"
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last_action: "2020-03-26"
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source: "openstates"
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source_identifier: "ocd-bill/72dd9a23-972d-4559-8637-735ef4cb8e91"
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source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB1990&GA=111"
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source_hash: "4956310cc9a753afb650d0ae0c043814b7be5354382c43fe72857831c8f6e00b"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-tn"]
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---
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# Tennessee SB 1990 (111) — Securities - As enacted, exempts from certain requirements under the Tennessee Securities Act of 1980 securities that meet requirements for federal exemption for intrastate offerings under Rule 147A, which allows offers to be accessible to certain out-of-state residents and companies incorporated or organized out of state. - Amends TCA Title 48.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/111/Bill/SB1990.pdf)
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## Votes
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- HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/3/2020 — **0–0** (pass) · lower
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- FLOOR VOTE: Motion to Adopt 3/9/2020 Passed (1) — **31–0** (pass) · upper
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- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/12/2020 3/5/2020 (2) — **0–0** (fail) · lower
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- HOUSE BANKING & INVESTMENTS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/25/2020 — **0–0** (pass) · lower
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- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/12/2020 Passed (1) — **96–0** (pass) · lower
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- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/3/2020 Passed — **7–0** (pass) · upper
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## Sponsors
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- Garrett — primary (person)
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- Stevens — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-01-27** Filed for introduction `reading-1, introduction`
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- **2020-01-29** Filed for introduction `reading-1, introduction`
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- **2020-01-29** Intro., P1C. `introduction`
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- **2020-01-30** Introduced, Passed on First Consideration `introduction`
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- **2020-01-30** P2C, ref. to Commerce Committee `referral-committee`
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- **2020-01-31** Assigned to s/c Banking & Investments Subcommittee `referral-committee`
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- **2020-02-03** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
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- **2020-02-19** Placed on s/c cal Banking & Investments Subcommittee for 2/25/2020
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- **2020-02-25** Rec. for pass by s/c ref. to Commerce Committee `committee-passage-favorable`
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- **2020-02-26** Placed on Senate Commerce and Labor Committee calendar for 3/3/2020
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- **2020-02-26** Placed on cal. Commerce Committee for 3/3/2020
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- **2020-03-03** Recommended for passage, refer to Senate Calendar Committee
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- **2020-03-03** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
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- **2020-03-04** Placed on cal. Calendar & Rules Committee for 3/5/2020
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- **2020-03-05** Placed on Senate Consent Calendar 2 for 3/9/2020
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- **2020-03-05** H. Placed on Regular Calendar for 3/12/2020
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- **2020-03-09** Passed Senate, Ayes 31, Nays 0 `passage`
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- **2020-03-10** Engrossed; ready for transmission to House
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- **2020-03-12** Rcvd. from S., held on H. desk.
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- **2020-03-12** Passed H., Ayes 96, Nays 0, PNV 0 `passage`
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- **2020-03-12** Subst. for comp. HB.
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- **2020-03-12** Comp. SB subst.
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- **2020-03-13** Enrolled and ready for signatures
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- **2020-03-16** Signed by H. Speaker
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- **2020-03-16** Signed by Senate Speaker
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- **2020-03-17** Transmitted to Governor for action.
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- **2020-03-20** Signed by Governor. `executive-signature`
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- **2020-03-26** Pub. Ch. 604
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- **2020-03-26** Effective date(s) 03/20/2020
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- **2020-03-26** Comp. became Pub. Ch. 604
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/72dd9a23-972d-4559-8637-735ef4cb8e91`. Confidence: reported (aggregated from official Tennessee legislature records).
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