TN HB0772

Premium Finance Companies

Passed House Dennis Powers (R)
Plain English Summary

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Critics Say

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Conflict of Interest Analysis Personal Interests
8/10
Risk Level
High
Policy Area
Finance and Financial Sector
Industry Overlap
25%
Personal Conflicts
1 found

The sponsor of HB0772, Dennis Powers, has a significant personal financial interest in the insurance industry, as he is both an insurance agent and the owner of Dennis Powers Insurance Agency. This bill, which pertains to premium finance companies and their ability to impose fees, directly impacts the insurance sector. As an insurance agent and agency owner, Powers stands to benefit from legislation that could potentially increase the profitability of premium finance companies, which are integral to the insurance payment process. Furthermore, Powers' ownership of an insurance agency suggests a direct alignment with the bill's effects, as it could influence the financial mechanisms available to his business and potentially increase revenue through additional fees. While Powers also holds assets in the securities and investment industry, the primary concern here is his direct involvement in the insurance sector, which is closely tied to the bill's subject matter.

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 Insurance Agent AI-researched
Employer Owner of Dennis Powers Insurance Agency TN Legislature bio
Business Owner Owner of Dennis Powers Insurance Agency TN Legislature bio
Asset CHARLES SCHWAB Securities & Investment TN Ethics Commission
Asset EMPOWER TN Ethics Commission
Asset TIAA-CREF TN Ethics Commission
Asset Leadership PAC: POWPAC 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.

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.