CT SB00066

Establishes a task force to study economic development and state welfare, with focus on financing for businesses unable to obtain loans due to banking system contraction.

Task force to examine methods for encouraging business growth and retention, stimulating job creation and regional development, and increasing state and municipal tax revenue.

Task force to address financing gaps created by mergers, takeovers, or liquidations of financial institutions.

Comprises 11 members including the Banking Commissioner, appointees from legislative leadership, and two gubernatorial appointees, with appointments due within 30 days of passage.

Task force must submit findings and recommendations to the joint standing committee on banks by January 1, 2013, and terminates upon report submission or that date, whichever is later.