HB1330 - Tennessee: Commerce And Insurance, Dept. Of, Criminal Offenses, Employees, Employers, Pensions And Retirement Benefits, Securities

Companion Bill SB1629. Pensions and Retirement Benefits - Strengthens penalties for theft involving a fiduciary relationship and enacts the "Employee Benefit Protection Act" to require annual reporting and auditing of small employer benefit plans. - Amends TCA Title 39; Title 47 and Title 48. Fiscal Summary for HB1330 / *SB1629Increase State Expenditures - $280,000 Recurring $20,200 One-Time $112,100 / Incarceration* Bill Summary for HB1330 / *SB1629 This bill: (1) Classifies theft of goods or services as a Class B felony, regardless of the value of the property or services taken, if the offender was in a fiduciary relationship with the victim; (2) Specifies that it is a Class D felony, and an unfair and deceptive trade practice under the Tennessee Securities Act, for any broker-dealer who provides [...]

show full description