The bill, known as the 'Regulatory Freedom Act of 2026,' modifies existing laws regarding administrative rules in Tennessee. It aims to streamline the regulatory process, potentially reducing the burden on businesses and individuals by making it easier to navigate state regulations.
The bill expands protections for cancer patients in Tennessee by prohibiting health insurance plans from requiring step therapy protocols for any type of cancer. This means that patients diagnosed with cancer cannot be forced to try less expensive medications before being approved for their prescribed treatment. The change aims to streamline access to necessary medications for all cancer patients.
Tennessee HB2156 updates the laws regarding tax credits for financial institutions. It allows these institutions to apply for credits against the taxes they owe under the Franchise Tax and Excise Tax laws. This change is intended to provide financial relief and encourage business growth in the state.
Tennessee HB1970 requires that any deed of property, which describes land not previously recorded, must include a description prepared by a registered land surveyor. Alternatively, a licensed attorney can prepare the description using a survey done by a registered land surveyor. This change aims to ensure accuracy in property descriptions.
Tennessee HB1867 allows the state's division to provide its annual report on the coverage assessment more frequently than every three months. This means that lawmakers can receive updates on this assessment at shorter intervals, potentially improving oversight and responsiveness. The bill updates existing regulations to enhance communication between the division and legislative committees.