CT HB05457

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

Task force shall examine ways to encourage business growth and retention, stimulate job creation and regional development, increase tax revenue, and address financing gaps from financial institution mergers or liquidations.

Task force comprises 11 members: 2 appointed by House Speaker, 2 by Senate President Pro Tempore, 1 each by House and Senate majority leaders, 1 each by House and Senate minority leaders, the Banking Commissioner, and 2 appointed by the Governor.

All appointments must be made within 30 days of the bill's effective date, with the first task force meeting scheduled no later than 60 days after passage.

Task force must submit findings and recommendations to the joint standing committee on banks no later than January 1, 2014, at which time the task force terminates.