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---
type: "Bill"
title: "Pensions and Retirement Benefits - As enacted, authorizes the investment committee for the TCRS board of trustees to cause the retirement system to divest, as expeditiously as possible, from an investment the system has with an entity found to be doing business with or supporting a country sanctioned by the office of foreign assets control. - Amends TCA Title 8, Chapter 37."
description: "Pensions and Retirement Benefits - As enacted, authorizes the investment committee for the TCRS board of trustees to cause the retirement system to divest, as expeditiously as possible, from an investment the system has with an entity found to be doing business with or supporting a country sanctioned by the office of foreign assets control. - Amends TCA Title 8, Chapter 37."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 2639"
citation: "Tennessee SB 2639 (112)"
classification: ["bill"]
subjects: ["Pensions and Retirement Benefits"]
status: "enacted"
primary_sponsors: ["Hicks G", "Stevens"]
version_count: 3
action_count: 42
vote_count: 6
first_action: "2022-02-02"
last_action: "2022-04-25"
source: "openstates"
source_identifier: "ocd-bill/3ea4361f-608f-4692-891d-c73c67c38cac"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2639&GA=112"
source_hash: "e3e9d83c5acadeaa1cdaa6354aa8cbea51b8a49bf458f4b32c4f7a9dc0dc07da"
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 2639 (112) — Pensions and Retirement Benefits - As enacted, authorizes the investment committee for the TCRS board of trustees to cause the retirement system to divest, as expeditiously as possible, from an investment the system has with an entity found to be doing business with or supporting a country sanctioned by the office of foreign assets control. - Amends TCA Title 8, Chapter 37.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Amendment HA0767** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/HA0767.pdf)
2. **Amendment SA0781** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/SA0781.pdf)
3. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB2639.pdf)
## Votes
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/28/2022 3/24/2022 (2) — **00** (fail) · lower
- HOUSE PUBLIC SERVICE SUBCOMMITTEE: Rec for pass if am by s/c ref. to State Government Committee 3/9/2022 (4) — **00** (fail) · lower
- FLOOR VOTE: Third Consideration 4/7/2022 Passed (1) — **320** (pass) · upper
- HOUSE STATE GOVERNMENT COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 3/22/2022 (3) — **00** (pass) · lower
- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 3/28/2022 Passed (1) — **890** (pass) · lower
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0 3/23/2022 Passed (2) — **80** (pass) · upper
## Sponsors
- Hicks G — primary (person)
- Stevens — 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, caption bill, held on desk - pending amdt.
- **2022-03-02** Placed on s/c cal Public Service Subcommittee for 3/9/2022
- **2022-03-02** Assigned to s/c Public Service Subcommittee `referral-committee`
- **2022-03-02** Ref. to State Government Committee `referral-committee`
- **2022-03-09** Placed on Senate State and Local Government Committee calendar for 3/15/2022
- **2022-03-09** Placed on cal. State Government Committee for 3/15/2022
- **2022-03-09** Rec for pass if am by s/c ref. to State Government Committee `referral-committee`
- **2022-03-15** Action deferred in Senate State and Local Government Committee to 3/22/2022
- **2022-03-15** Action def. in State Government Committee to 3/22/2022
- **2022-03-16** Placed on Senate State and Local Government Committee calendar for 3/22/2022
- **2022-03-16** Placed on cal. State Government Committee for 3/22/2022
- **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** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2022-03-23** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0
- **2022-03-23** Placed on cal. Calendar & Rules Committee for 3/24/2022
- **2022-03-24** H. Placed on Regular Calendar for 3/28/2022
- **2022-03-28** Passed H., as am., Ayes 89, Nays 0, PNV 0 `passage`
- **2022-03-28** H. adopted am. (Amendment 1 - HA0767) `amendment-passage`
- **2022-03-28** Sponsor(s) Added.
- **2022-03-29** Engrossed; ready for transmission to Sen.
- **2022-03-30** Received from House, Passed on First Consideration `introduction`
- **2022-04-05** Placed on Senate Regular Calendar for 4/7/2022
- **2022-04-07** Sponsor(s) Added.
- **2022-04-07** Companion House Bill substituted
- **2022-04-07** Passed Senate, Ayes 32, Nays 0 `passage`
- **2022-04-07** Amendment withdrawn. (Amendment 1 - SA0781)
- **2022-04-07** Senate substituted House Bill for companion Senate Bill.
- **2022-04-08** Enrolled; ready for sig. of H. Speaker.
- **2022-04-11** Signed by H. Speaker
- **2022-04-12** Transmitted to Governor for his action. `executive-receipt`
- **2022-04-12** Signed by Senate Speaker
- **2022-04-20** Signed by Governor. `executive-signature`
- **2022-04-25** Comp. became Pub. Ch. 855
- **2022-04-25** Effective date(s) 04/20/2022
- **2022-04-25** Pub. Ch. 855
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3ea4361f-608f-4692-891d-c73c67c38cac`. Confidence: reported (aggregated from official Tennessee legislature records).