CT SB00907

Establishes a task force to study economic development issues and their relationship to the banking and securities industries in Connecticut.

Task force composition includes 10 members: two each appointed by House Speaker and Senate President Pro Tempore; one each appointed by House and Senate majority leaders; one each appointed by House and Senate minority leaders; the Banking Commissioner or designee; and two appointed by the Governor.

Members appointed from legislative leadership positions may be members of the General Assembly, with all appointments required within 30 days of the bill's effective date.

First task force meeting must be held no later than 60 days after the bill takes effect, with chairpersons selected by the House Speaker and Senate President Pro Tempore.

Task force must submit a report with findings and recommendations to the joint standing committee on banking by January 1, 2012, and terminates on that date or upon report submission, whichever is later.