TN SB2690

AN ACT to make appropriations for the purpose of defraying the expenses of the state government for the fiscal years beginning July 1, 2025, and July 1, 2026, in the administration, operation and maintenance of the legislative, executive and judicial branches of the various departments, institutions, offices and agencies of the state; for certain state aid and obligations; for capital outlay, for the service of the public debt, for emergency and contingency; to repeal certain appropriations and any acts inconsistent herewith; to provide provisional continuing appropriations; and to establish certain provisions, limitations and restrictions under which appropriations may be obligated and expended. This act makes appropriations for the purposes described above for the fiscal years beginning July 1, 2025, and July 1, 2026.

Passed Senate Jack Johnson (R)
Plain English Summary

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Supporters Say

Positive media analysis is being generated.

Critics Say

Critical media analysis is being generated.

Conflict of Interest Analysis Personal Interests
8/10
Risk Level
High
Policy Area
Finance and Financial Sector
Industry Overlap
0%
Personal Conflicts
7 found

Senator Jack Johnson's sponsorship of SB2690 presents significant potential conflicts of interest due to his various personal financial interests that align closely with the bill's focus on finance and appropriations. Notably, his ownership of Johnson & Associates, a real estate company, suggests a direct financial stake in the outcomes of state appropriations that could impact the real estate sector. Additionally, multiple assets he holds, including the Fidelity Puritan Fund, Fidelity Contra Fund, and Vanguard Total Bond Market Fund, are all investments that could be influenced by state financial policies and appropriations, thereby creating a scenario where his financial gains could be directly tied to the legislation he sponsors. This alignment raises concerns about the potential for personal financial gain at the expense of public interest, as the appropriations made in this bill could benefit sectors in which he has vested interests.

Sponsor's Personal Financial Interests

Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.

Type Description Industry Source
Occupation Vice President of Client Relations at a healthcare company AI-researched
Employer CIGNA Healthcare Health Services/HMOs TN Legislature bio
Business Owner Owner of a small business consulting firm AI-researched
Spouse Employer Owner of Johnson & Associates, a real estate company Real Estate AI-researched
Employer LFGS, LLC TN Ethics Commission
Employer COPART, INC. TN Ethics Commission
Employer BROWNING OIL COMPANY, INC. TN Ethics Commission
Business Owner BRIGHTSTONE BOARD MEMBER from Sep 2020 to current TN Ethics Commission
Asset FIDELITY PURITAN FUND Securities & Investment TN Ethics Commission
Asset FIDELITY CONTRA FUND Securities & Investment TN Ethics Commission
Asset FIDELITY OTC FUND Securities & Investment TN Ethics Commission
Asset VIRTUS NFS LARGE CAP FUND TN Ethics Commission
Asset COLUMBIA SELECT MID CAP FUND TN Ethics Commission
Asset JANUS ENTERPRISE FUND TN Ethics Commission
Asset FRANKLIN SMALL CAP FUND TN Ethics Commission
Asset DFA INTERNATIONAL VALUE FUND TN Ethics Commission
Asset BROWN CAPITAL SMALL COMPANY FUND TN Ethics Commission
Asset VANGUARD TOTAL BOND MARKET FUND Securities & Investment TN Ethics Commission
Asset VANGUARD INSTITUTIONAL INDEX FUND Securities & Investment TN Ethics Commission
Asset FIDELITY INTERNATIONAL DISCOVERY FUND Securities & Investment TN Ethics Commission
Asset COPART, INC TN Ethics Commission
Asset DODGE AND COX INCOME FUND TN Ethics Commission
Occupation Law, JUDGE TN Ethics Commission
Asset Leadership PAC: JACK PAC 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.

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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.