TN SB1271

Economic Development

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
Housing and Community Development
Industry Overlap
100%
Personal Conflicts
7 found

The analysis of SB1271 reveals significant potential conflicts of interest for sponsor Jack Johnson, particularly due to his spouse's ownership of Johnson & Associates, a real estate company. This personal financial interest aligns directly with the bill's focus on economic development, specifically in the realm of affordable and workforce housing, which could lead to direct financial benefits for the real estate sector. Additionally, several of Johnson's financial assets, including the FIDELITY PURITAN FUND, FIDELITY CONTRA FUND, and VANGUARD TOTAL BOND MARKET FUND, are invested in sectors that overlap with real estate and finance, further heightening the risk of personal financial gain from the legislation he sponsors.

Given that the bill aims to amend definitions related to housing facilities and development plans, it is plausible that any favorable changes could enhance the value of properties or the operations of companies within Johnson's financial portfolio. The combination of these interests indicates a clear potential for conflicts of interest, as the sponsor may benefit from legislation that directly impacts the real estate market and economic development initiatives in Tennessee.

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.