CT SB00055

Establishes a task force to study economic security in the state, focusing on business growth, job retention, and financing availability issues resulting from banking system liquidity contraction.

Task force composition includes 11 members: two each from House Speaker and Senate President Pro Tempore; one each from House and Senate majority and minority leaders; the Banking Commissioner or designee; and two gubernatorial appointees.

Requires all appointments within 30 days of the effective date, with the Speaker and Senate President Pro Tempore selecting task force chairpersons who must schedule the first meeting within 60 days.

Task force must submit findings and recommendations to the joint standing committee on banks no later than January 1, 2011, and terminates upon submission of the report or January 1, 2011, whichever is later.

Administrative staff support provided by the joint standing committee of the General Assembly with cognizance over banking matters.