Solari’s model legislation on programmable money will be heard in the Tennessee House Banking and Consumer Affairs Subcommittee on Wednesday, March 4. Filed as HB2039 and sponsored by Representative Bud Hulsey, this bill is designed to protect the right of Tennesseans to transact freely without being forced into using programmable money.
As digital currencies and new payment technologies rapidly expand across the country, Tennessee has an opportunity to ensure that innovation serves rather than controls our citizens. This bill protects Tennesseans from the risks of “programmable money,” meaning digital money that could have restrictions built into it that determine how, when, or where it can be spent.
Tennessee has already taken steps to address central bank digital currencies (CBDCs). HB2039 builds on that foundation by ensuring that any digital money used in our state respects individual freedom and financial privacy.
Now is the time to act before these systems become deeply embedded in our financial infrastructure. Please take a moment to call or email the committee members and respectfully ask them to support HB2039. Here are some talking points you can use when calling or emailing subcommittee members.
You can also mention that Catherine was recently on Tucker Carlson talking about this issue and share this tweet which contains a clip of them discussing programmable money. https://x.com/solari_the/status/2028453559851798984
Here is the contact information for the subcommittee members, talking points are below.
Chairman Tandy Darby (615) 741-7847
Rep Kevin Vaughan (615) 741-1866
Rep Susan Lynn (615) 741-7462
Rep Caleb Hemmer (615) 741-2035
Rep Kelly Kiesling (615) 741-6852
Rep Michael Hale (615) 741-2192
Rep Pat Marsh (615) 741-6824
You can copy this block of emails and email subcommittee members all at once:
rep.tandy.darby@capitol.tn.gov; rep.michael.hale@capitol.tn.gov; rep.caleb.hemmer@capitol.tn.gov; rep.kelly.keisling@capitol.tn.gov; rep.susan.lynn@capitol.tn.gov; rep.kevin.vaughan@capitol.tn.gov; rep.pat.marsh@capitol.tn.gov
Talking Points:
- Please vote YES on HB2039 to ensure that money used in Tennessee cannot be programmed to control how, when, or where citizens spend it. Money should function as money, not as a tool for behavioral control.
- Tennessee has already taken steps to address CBDCs. This bill builds on that work by making sure privately issued digital currencies cannot be structured in ways that undermine individual freedom.
- This legislation does not oppose financial innovation. It simply places reasonable guardrails in state law so that new digital payment systems respect constitutional rights and state sovereignty.
- As digital currencies and stablecoins grow, Tennessee should act now to clarify the rules before these systems become too widespread to manage. It is easier to set protections in place early than to fix problems later.
- This bill protects Tennesseans’ financial privacy and ensures that emerging financial technologies serve the people of our state, not the other way around.
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