(NASHVILLE) — Recently, House Republicans passed legislation sponsored by State Representative Susan Lynn (R-Mt. Juliet) designed to continue Tennessee’s job growth and economic prosperity.
House Bill 1818 provides a roadmap for Tennessee to attract private trust companies from other states and to expand those currently here through deregulation. This initiative expands the number of clients that a private trust company can conduct business transactions within Tennessee to empower them and to create jobs across our state.
Private trusts, also known as family trusts, are entities that provide trust and other fiduciary services to a single-family group.
House Bill 1818 is the latest in a series of initiatives sponsored by Representative Lynn in recent years that have led to remarkable job growth and record-low unemployment rates in her community, as well as across all regions of Tennessee.
“I have fought to bring new jobs to District 57 throughout my time serving our men, women, and families, and I am excited that House Bill 1818 will sustain our economic momentum,” said Representative Lynn. “My colleagues and I remain committed to supporting sensible legislation that reduces government regulations and red tape. This will ensure that we are able to continue the creation of high-quality jobs that our residents strongly desire.”
Republican lawmakers, led by Representative Lynn, have created more than 400,000 net new private sector jobs over the last eight years. As of early 2018, Wilson County had the fifth lowest unemployment rate in the entire state — just 2.9 percent.
For more information about House Bill 1818, please click here.
Susan Lynn serves as the Chairman of the House Consumer & Human Resources Subcommittee. Lynn is also a member of the House Consumer & Human Resources, House Finance Ways & Means, and House Ethics Committee, as well as the Joint Fiscal Review Committee. She lives in Mount Juliet and represents House District 57, which includes Wilson County. Lynn can be reached by email at [email protected] or by calling (615) 741-7462.