Ethics - As introduced, enacts the "Foreign Agent Registration Act." - Amends TCA Title 3, Chapter 6 and Title 4.

HB 2549, titled the "Foreign Agent Registration Act," requires individuals acting as agents for foreign governments or entities designated as "foreign adversaries" to register with Tennessee's Ethics Commission. It directly affects those engaging in political activities on behalf of such foreign entities, including lobbying state officials or influencing policy. Key provisions mandate registration within 7 days of becoming an agent, detailed reporting of business ties, political activities, and financial arrangements, plus quarterly disclosures of compensation and expenditures related to political work. Violations could result in penalties up to $500 per infraction, with the law aiming to increase transparency about foreign influence in Tennessee's political process.