Fiscal Review Committee - As introduced, clarifies which procurement contracts are subject to review by the fiscal review committee of the general assembly; removes requirement that impact to commerce statements be included on fiscal notes prepared by the fiscal review committee. - Amends TCA Title 3, Chapter 2 and Title 4, Chapter 56.

HB 2216 clarifies which state contracts require review by Tennessee's Fiscal Review Committee. It sets a $250,000 threshold for noncompetitive contracts (including extensions) needing review, while removing a requirement that committees include "impact to commerce" statements in fiscal notes. The bill also specifies exemptions, such as contracts for public research benefits or highway projects already reviewed by other agencies. This directly affects state agencies, contractors, and the Fiscal Review Committee by streamlining review processes and narrowing the scope of required reviews. The bill aims to simplify procurement oversight without altering the core review requirements for major contracts.