Amends TCA Title 9, Chapter 4.
Tennessee HB2476 mandates that individuals managing retirement programs for local governmental entities prioritize financial considerations over environmental, social, and governance factors when making investment decisions. The bill affects fiduciaries involved with public retirement programs, including the Tennessee Consolidated Retirement System (TCRS) and non-TCRS programs, requiring them to conduct an economic analysis to justify their investment votes based solely on financial reasons. Key provisions include the exclusion of non-financial interests in investment management and the requirement for fiduciaries to demonstrate the financial rationale behind their decisions.
Tennessee HB2476 mandates that individuals managing retirement programs for local governmental entities prioritize financial considerations over environmental, social, and governance factors when making investment decisions. The bill affects fiduciaries involved with public retirement programs, including the Tennessee Consolidated Retirement System (TCRS) and non-TCRS programs, requiring them to conduct an economic analysis to justify their investment votes based solely on financial reasons. Key provisions include the exclusion of non-financial interests in investment management and the requirement for fiduciaries to demonstrate the financial rationale behind their decisions.
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Burkhart, Jeff
114th General Assembly
February 3, 2026
May 27, 2026
Comp. became Pub. Ch. 986