CT HB05876

Require the State Treasurer to invest all new contributions to Connecticut retirement pension and trust funds in in-state businesses and community banks with a branch located in Connecticut.

Mandate investment of not less than five percent of currently invested Connecticut retirement pension and trust funds in in-state businesses and community banks.

Restrict investments to financial institutions that maintain strong community reinvestment standards.

Direct state investments toward job creation and economic development within Connecticut rather than general financial markets.