TN SB1264

Authorization To Engage In Regulated Activities

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
Commerce
Industry Overlap
25%
Personal Conflicts
6 found

Senator Jack Johnson's sponsorship of SB1264, which amends various sections of the Tennessee Code related to regulated activities, presents a significant potential conflict of interest due to his personal financial interests in the securities and investment industry. Specifically, Johnson holds multiple assets in funds such as the Fidelity Puritan Fund, Fidelity Contra Fund, and Vanguard Total Bond Market Fund, all of which are directly impacted by the bill's provisions regarding the regulation of financial activities. The alignment of these investments with the bill's subject matter raises concerns about the potential for personal financial gain from the legislation he sponsors.

Additionally, Johnson's role as Vice President of Client Relations at CIGNA Healthcare, while primarily in the health services sector, may indirectly connect him to broader financial regulations that could affect healthcare financing and insurance markets. However, the most direct conflicts arise from his investments in various funds that are likely to benefit from changes in the regulatory landscape established by SB1264. This creates a scenario where Johnson's financial interests could be directly influenced by the outcomes of the legislation he is advocating for.

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.