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bills
All technology bills
SB 2522 prohibits Tennessee banks, credit unions, and savings associations from converting customer funds into digital currencies (including cryptocurrency) without the consumer's express, written consent. The bill requires banks to obtain explicit written authorization before digitizing money held for consumers. Violations could trigger fines of up to $1,000 per incident or allow affected customers to sue for damages, including attorney fees. The law would take effect on July 1, 2026.
HB 1827 requires county or city legislative bodies to approve the location of new quarries or digital asset mining facilities at a public meeting. It mandates 21 days' notice published in local newspapers, posted online, and mailed to residents within 500 yards of the proposed site. The bill defines "digital asset mining facilities" as energy-intensive blockchain operations using over 1 megawatt annually and "quarries" as mineral extraction sites (excluding coal mining). This law applies to all new facilities constructed on or after July 1, 2026.
SB 2053 requires county or city legislative bodies to publicly approve the location of new quarries or digital asset mining facilities (like large-scale cryptocurrency operations using over 1 megawatt of energy) before construction begins. It mandates a 21-day public notice period, including newspaper publication, website posting, and mailings to residents within 500 yards of the proposed site. The bill directly affects local governments (counties/cities), developers seeking to build such facilities, and nearby residents who receive advance notice. It applies to all new projects approved on or after July 1, 2026, and does not change existing facility operations.
