republic-os/legislation/us/states/tn/112/sb-2854.md

---
type: "Bill"
title: "Business Organizations - As enacted, enacts provisions governing decentralized organizations - Amends TCA Title 4; Title 5; Title 7; Title 12; Title 45; Title 47; Title 48; Title 66 and Title 67."
description: "Business Organizations - As enacted, enacts provisions governing decentralized organizations - Amends TCA Title 4; Title 5; Title 7; Title 12; Title 45; Title 47; Title 48; Title 66 and Title 67."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 2854"
citation: "Tennessee SB 2854 (112)"
classification: ["bill"]
subjects: ["Business Organizations"]
status: "enacted"
primary_sponsors: ["Bailey", "Powell"]
version_count: 3
action_count: 43
vote_count: 6
first_action: "2022-02-02"
last_action: "2022-04-25"
source: "openstates"
source_identifier: "ocd-bill/cda1c970-3ae3-4e3d-a3e4-ca83190bb4e7"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2854&GA=112"
source_hash: "3e2c7315eb9a95623efc0bcf07e909ff13441a9671210230397376a98929854f"
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 2854 (112) — Business Organizations - As enacted, enacts provisions governing decentralized organizations - Amends TCA Title 4; Title 5; Title 7; Title 12; Title 45; Title 47; Title 48; Title 66 and Title 67.

## Version chain

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

1. **Amendment HA0748** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/HA0748.pdf)
2. **Amendment SA0687** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/SA0687.pdf)
3. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB2854.pdf)

## Votes

- HOUSE BUSINESS AND UTILITIES SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee 3/16/2022 (4) — **0–0** (fail) · lower
- FLOOR VOTE: Third Consideration 4/6/2022 Passed (1) — **27–0** (pass) · upper
- HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 3/22/2022 (3) — **0–0** (pass) · lower
- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 3/15/2022 Passed (2) — **9–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/4/2022 Passed (1) — **91–0** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/28/2022 3/24/2022 (2) — **0–0** (fail) · lower

## Sponsors

- Bailey — primary (person)
- Powell — primary (person)

## Timeline

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

- **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** Filed for introduction `introduction, reading-1`
- **2022-02-03** P1C.
- **2022-02-07** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
- **2022-02-07** P2C, ref. to Commerce Committee `referral-committee`
- **2022-02-08** Assigned to s/c Business & Utilities Subcommittee `referral-committee`
- **2022-03-02** Placed on Senate Commerce and Labor Committee calendar for 3/8/2022
- **2022-03-02** Placed on s/c cal Business & Utilities Subcommittee for 3/9/2022
- **2022-03-08** Action deferred in Senate Commerce and Labor Committee to 3/15/2022
- **2022-03-09** Placed on Senate Commerce and Labor Committee calendar for 3/15/2022
- **2022-03-09** Placed on s/c cal Business & Utilities Subcommittee for 3/16/2022
- **2022-03-09** Action Def. in s/c Business & Utilities Subcommittee to 3/16/2022
- **2022-03-15** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0
- **2022-03-16** Placed on cal. Commerce Committee for 3/22/2022
- **2022-03-16** Rec for pass if am by s/c ref. to Commerce Committee `referral-committee`
- **2022-03-22** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **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** Sponsor(s) Added.
- **2022-03-28** Reset on cal. for 4/4/2022
- **2022-03-31** Sponsor(s) Added.
- **2022-04-04** Placed on Senate Regular Calendar for 4/6/2022
- **2022-04-04** Passed H., as am., Ayes 91, Nays 0, PNV 0 `passage`
- **2022-04-04** Sponsor(s) Added.
- **2022-04-04** H. adopted am. (Amendment 1 - HA0748) `amendment-passage`
- **2022-04-05** Engrossed; ready for transmission to Sen.
- **2022-04-06** Sponsor(s) Added.
- **2022-04-06** Companion House Bill substituted
- **2022-04-06** Enrolled; ready for sig. of H. Speaker.
- **2022-04-06** Passed Senate, Ayes 27, Nays 0 `passage`
- **2022-04-06** Amendment withdrawn. (Amendment 1 - SA0687)
- **2022-04-06** Senate substituted House Bill for companion Senate Bill.
- **2022-04-06** Received from House, Passed on First Consideration `introduction`
- **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** Sponsor(s) Added.
- **2022-04-20** Signed by Governor. `executive-signature`
- **2022-04-25** Comp. became Pub. Ch. 852
- **2022-04-25** Effective date(s) 04/20/2022
- **2022-04-25** Pub. Ch. 852

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cda1c970-3ae3-4e3d-a3e4-ca83190bb4e7`. Confidence: reported (aggregated from official Tennessee legislature records).