In a significant legislative session, Tennessee lawmakers have enacted a series of measures designed to bolster economic safeguards and streamline regulations across the state. One of the most notable new laws empowers the Secretary of State to swiftly dissolve businesses that have connections to foreign adversaries, specifically targeting nations such as China, Cuba, Iran, North Korea, Russia, and Venezuela. This initiative aims to mitigate potential threats to national security.
Additionally, the legislation introduces more equitable billing practices for consumers who choose to cancel their subscriptions prematurely. Under the new rules, service providers are prohibited from charging an additional month’s fee if the cancellation occurs within the first half of a billing cycle, ensuring fair treatment for consumers.
In another important development, firearm manufacturers and sellers have been granted immunity from foreign civil lawsuits that arise from the criminal misuse of their products. This protection, however, does not extend to cases involving product defects or instances of criminal misconduct.
The state has also taken steps to standardize employment regulations, effectively barring local governments from enacting labor laws that contradict statewide standards. This move is intended to create a more uniform regulatory environment for businesses operating throughout Tennessee.
Moreover, businesses that benefit from state economic incentives will now encounter consistent requirements. They cannot be coerced into agreements that would require union participation or impose other external conditions, thus promoting a more predictable business climate.
Lastly, in an effort to enhance public access to information, foreclosure notices will now be published in newspapers only twice, rather than three times, and must also be made available online for a minimum of 20 days. This change is aimed at improving transparency and accessibility for the public regarding foreclosure proceedings.