Amends TCA Title 47.
Tennessee HB2039 prohibits individuals from mandating the use of programmable money for transactions and prevents issuers of programmable money from denying transactions based on specific factors. The bill requires issuers to provide reasons for any transaction denial upon request and classifies violations as breaches of the Consumer Protection Act of 1977, allowing for various forms of relief and enforcement. This legislation primarily affects consumers and issuers of programmable money in Tennessee.
Tennessee HB2039 prohibits individuals from mandating the use of programmable money for transactions and prevents issuers of programmable money from denying transactions based on specific factors. The bill requires issuers to provide reasons for any transaction denial upon request and classifies violations as breaches of the Consumer Protection Act of 1977, allowing for various forms of relief and enforcement. This legislation primarily affects consumers and issuers of programmable money in Tennessee.
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Hulsey, Bud
114th General Assembly
January 22, 2026
March 11, 2026
Failed in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee