CT HB06338

Establishes an 8-member Finance and Banking Development Commission (6 appointed members with expertise in banking, lending, investment advisory, private equity, hedge funds, and marketing; 2 ex-officio members from the Banking Commissioner and Commissioner of Economic and Community Development).

Commission members serve 2-year terms beginning October 1 and are deemed resigned if absent from 3 consecutive meetings or 50% of meetings in any calendar year.

Commission shall advocate for state policy changes to attract banks and financial service companies to Connecticut, make legislative recommendations, review proposed legislation affecting financial services, and coordinate state programs related to these goals.

Commission must submit annual reports to the General Assembly by January 1, 2015 and each year thereafter detailing progress in attracting financial service companies and banks to the state.

Establishes a Connecticut Finance Center as a branch of the Secretary of the State's office in lower Fairfield County to encourage formation and establishment of financial service companies and banks in Connecticut (effective October 1, 2013).