General Assembly - As enacted, revises and clarifies procedures of the joint committee on ways and means, including authorizing the committee to issue notice that a hearing will not be held or to hold a hearing to review the application or acceptance of federal aid in an amount that is less than $25 million. - Amends TCA Section 4-4-116 and Chapter 512 of the Public Acts of 2025.

HB 2318 revises Tennessee's process for state agencies to accept federal aid. It requires the Joint Committee on Ways and Means to review all federal aid applications and acceptances (previously only required for amounts over $25 million), including notifying the committee before accepting any federal funds. State agencies like the courts, treasury department, and executive departments must now follow this process for all aid amounts, though the committee can choose not to hold a hearing or must act within 30 days. The bill also clarifies annual/multi-year grant review requirements and updates terminology for consistency.