CT HB05517

Prohibits the State Treasurer from paying compensation, expenses, fees, or issuing contracts to investment services firms when the firm or any of its principals have made contributions to or solicited contributions for the State Treasurer's campaign committee.

Defines "principal of an investment services firm" to include directors, owners (5% or more), senior executives, spouses, dependent children, and political committees established by such individuals.

Requires investment services firms to provide written disclosure signed under penalty of perjury of any campaign contributions made or solicited by firm principals during the current or preceding election cycle before the State Treasurer may issue a contract.

Requires individuals who make or solicit campaign contributions and subsequently become principals of firms already holding State Treasurer contracts to disclose those contributions within 30 days of the firm receiving a new contract or 90 days of becoming a principal.

Takes effect immediately upon passage.