Economic and Community Development - As introduced, creates the "Automotive Supply Chain Resilience and Expansion Act." - Amends TCA Title 4, Chapter 3, Part 7; Title 9; Title 12 and Title 67.

SB 2673, the "Automotive Supply Chain Resilience and Expansion Act," provides financial support to Tennessee automotive manufacturers and suppliers facing disruptions from federal tariffs or global trade instability. It creates a fund for grants to cover cost mitigation, inventory diversification, workforce retention, and capital investments, plus tax credits and low-interest loans (up to 30% of eligible costs) for domestic sourcing or technology investments reducing reliance on tariff-affected imports. The bill also expands export assistance for affected businesses and allows state procurement agencies to adjust contract rules to favor domestic suppliers impacted by trade disruptions. Additionally, it establishes a task force to monitor trade policies and report biennially to the legislature on sector impacts and recommendations.