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republic-os/legislation/us/states/tn/113/sb-955.md
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---
type: "Bill"
title: "Public Funds and Financing - As enacted, requires the department of treasury investment division staff to invest, reinvest, manage, and select investment options for program assets for financial reasons, excluding environmental, social, and governance interests that may not be material to the financial analysis of the investment, for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value; makes other changes concerning the authority of the state treasurer. - Amends TCA Title 9, Chapter 4."
description: "Public Funds and Financing - As enacted, requires the department of treasury investment division staff to invest, reinvest, manage, and select investment options for program assets for financial reasons, excluding environmental, social, and governance interests that may not be material to the financial analysis of the investment, for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value; makes other changes concerning the authority of the state treasurer. - Amends TCA Title 9, Chapter 4."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "113"
identifier: "SB 955"
citation: "Tennessee SB 955 (113)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Johnson"]
version_count: 3
action_count: 24
vote_count: 4
first_action: "2023-01-31"
last_action: "2023-05-24"
source: "openstates"
source_identifier: "ocd-bill/c3829cff-5fec-470c-bf28-9a2fb5472c65"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0955&GA=113"
source_hash: "86a8a10cefe5bb1151bd18cc216fd9d8fdf56fed1b0b66179dd61ef10665b512"
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 955 (113) — Public Funds and Financing - As enacted, requires the department of treasury investment division staff to invest, reinvest, manage, and select investment options for program assets for financial reasons, excluding environmental, social, and governance interests that may not be material to the financial analysis of the investment, for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value; makes other changes concerning the authority of the state treasurer. - Amends TCA Title 9, Chapter 4.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Amendment HA0463** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Amend/HA0463.pdf)
2. **Amendment SA0061** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Amend/SA0061.pdf)
3. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Bill/SB0955.pdf)
## Votes
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0 3/7/2023 Passed — **80** (pass) · upper
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0 3/7/2023 Passed (2) — **80** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/21/2023 Passed (1) — **7519** (pass) · lower
- FLOOR VOTE: as Amended Third Consideration 3/13/2023 Passed (1) — **274** (pass) · upper
## Sponsors
- Johnson — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-01-31** Filed for introduction `filing`
- **2023-02-02** Introduced, Passed on First Consideration `introduction`
- **2023-02-06** Passed on Second Consideration, refer to Senate State and Local Government Committee `passage`
- **2023-02-27** Sponsor(s) Added. `sponsorship`
- **2023-02-28** Placed on Senate State and Local Government Committee calendar for 3/7/2023
- **2023-02-28** Sponsor(s) Added. `sponsorship`
- **2023-03-07** Recommended for passage, refer to Senate Calendar Committee
- **2023-03-08** Sponsor(s) Added. `sponsorship`
- **2023-03-10** Placed on Senate Regular Calendar for 3/13/2023
- **2023-03-13** Sponsor(s) Added. `sponsorship`
- **2023-03-13** Engrossed; ready for transmission to House `receipt`
- **2023-03-13** Passed Senate as amended, Ayes 27, Nays 4, PNV 2 `passage`
- **2023-03-13** Senate adopted Amendment (Amendment 1 - SA0061)
- **2023-03-16** Rcvd. from S., held on H. desk.
- **2023-04-21** Passed H., Ayes 75, Nays 19, PNV 0 `passage`
- **2023-04-21** Am. withdrawn. (Amendment 1 - HA0463) `amendment-withdrawal`
- **2023-04-21** Subst. for comp. HB. `substitution`
- **2023-04-28** Enrolled and ready for signatures `enrolled`
- **2023-05-03** Signed by Senate Speaker `passage`
- **2023-05-05** Signed by H. Speaker `passage`
- **2023-05-09** Transmitted to Governor for action. `executive-receipt`
- **2023-05-17** Signed by Governor. `executive-signature`
- **2023-05-24** Effective date(s) 05/17/2023
- **2023-05-24** Pub. Ch. 471
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c3829cff-5fec-470c-bf28-9a2fb5472c65`. Confidence: reported (aggregated from official Tennessee legislature records).