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CT HB06520

Bill

Official Source

Status

Passed

5/31/2017

Primary Sponsor

Banking Committee

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Origin

House of Representatives

2017 General Assembly

AI Summary

  • Raises the asset limitation for community banks from $500 million to $1 billion
  • Raises the asset limitation for federal credit unions from $500 million to $1 billion
  • Raises the asset limitation for state credit unions from $500 million to $1 billion
  • Amends section 3-24j of the general statutes, effective upon passage
  • Applies to financial institutions domiciled in Connecticut with membership or operations limited to well-defined local communities, neighborhoods, or rural districts

Legislative Description

An Act Raising The Asset Limitation For Community Banks And Community Credit Unions.

Last Action

Signed by the Governor

5/31/2017

Committee Referrals

Banking1/24/2017

Full Bill Text

No bill text available