TN HB1447Tennessee HB1447 creates a new program called the 'Tennessee Trump Account Program Act' to modify existing laws related to retirement. This bill amends several sections of the Tennessee Code to implement changes that could affect how retirement accounts are managed in the state. The details of the program aim to provide new options for retirement savings.
Supporters of HB1447 argue that the Tennessee Trump Account Program will enhance retirement savings opportunities for residents, helping them secure their financial futures. They believe this program will encourage more individuals to save for retirement and improve overall economic stability in Tennessee.
Critics of HB1447 express concern that the 'Tennessee Trump Account Program' may prioritize political interests over the genuine needs of retirees. They worry that the changes to retirement laws could create confusion or lead to potential risks for individuals relying on these accounts for their future financial security.
Representative Charlie Baum's personal financial interests primarily lie in the education sector, real estate, and personal investment accounts. The bill in question, HB1447, pertains to retirement savings plans, which falls under the finance and financial sector. While Representative Baum has investments in retirement accounts and receives dividends from stocks and mutual funds, these are common financial activities and do not directly align with the specific legislative changes proposed by the Tennessee Retirement Savings Plan Act. His role as a professor of economics and his real estate holdings do not intersect with the pension, insurance, and banking industries that the bill addresses. Therefore, there is no direct evidence suggesting that Representative Baum would financially benefit from the enactment of this bill.
Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.
| Type | Description | Industry | Source |
|---|---|---|---|
| Occupation | Professor of Economics | Education | AI-researched |
| Employer | Middle Tennessee State University | Education | AI-researched |
| Employer | MIDDLE TENNESSEE STATE UNIVERSITY | Education | TN Ethics Commission |
| Employer | TEABERRY APARTMENTS | — | TN Ethics Commission |
| Employer | WHITE AVENUE APARTMENTS | — | TN Ethics Commission |
| Employer | HIGHLAND AVENUE APARTMENTS | — | TN Ethics Commission |
| Employer | CONDOMINIUM | — | TN Ethics Commission |
| Employer | BAUM ECONOMICS LLC | — | TN Ethics Commission |
| Employer | DIVIDENDS FROM STOCKS IN TD AMERITRADE ACCOUNT | — | TN Ethics Commission |
| Employer | DIVIDENDS FROM STOCKS IN ROTH IRA ACCOUNTS | — | TN Ethics Commission |
| Employer | DIVIDENDS FROM MUTUAL FUNDS IN 401K RETIREMENT ACCOUNT THROUGH MTSU MANAGED BY GREAT WEST | — | TN Ethics Commission |
| Employer | DIVIDENDS FROM DEFINED CONTRIBUTION RETIREMENT ACCOUNT THROUGH MTSU MANAGED BY VOYA | — | TN Ethics Commission |
| Business Owner | MIDDLE TENNESSEE STATE UNIVERSITY PROFESSOR OF ECONOMICS from Aug 1999 to current | Education | TN Ethics Commission |
| Business Owner | HIGHLAND AVENUE APARTMENTS LLC MEMBER from Jan 2016 to current | — | TN Ethics Commission |
| Business Owner | WHITE AVENUE APARTMENTS LLC MEMBER from Jan 2016 to current | — | TN Ethics Commission |
| Business Owner | BAUM ECONOMICS LLC MEMBER from Jan 2016 to current | — | TN Ethics Commission |
| Asset | APARTMENTS AT 806 AND 810 TEABERRY LANE IN KNOXVILLE, TENNESSEE | — | TN Ethics Commission |
| Asset | CONDOS AT 7015 AND 7017 TRADITIONAL DR. IN KNOXVILLE, TENNESSEE | — | TN Ethics Commission |
| Asset | APARTMENTS AT 1303 WHITE AVE. IN KNOXVILLE, TENNESSEE | — | TN Ethics Commission |
| Asset | APARTMENTS AT 1412 HIGHLAND AVE. IN KNOXVILLE, TENNESSEE | — | TN Ethics Commission |
Items marked "AI-researched" are generated from public sources but have not been independently verified. Verified data is sourced from official legislature websites and disclosure filings.
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Tennessee General Assembly. Conflict analysis examines the sponsor's personal financial interests for potential overlaps with the bill's subject matter.
