CT HB07151

Establishes a task force to study economic development and state welfare, including business growth, job retention, and regional development.

Task force to examine how the state can help businesses unable to obtain financing due to banking system liquidity issues and address financing gaps from financial institution mergers or closures.

Task force membership consists of 11 members: two each appointed by the House Speaker and Senate President Pro Tempore; one each from House and Senate majority and minority leaders; the Banking Commissioner; and two appointed by the Governor.

All appointments must be made within 30 days of the effective date, with the first meeting to occur within 60 days; the joint standing committee on banking shall provide administrative support.

Task force must submit findings and recommendations to the joint standing committee on banking by January 1, 2018, and shall terminate upon submission of the report or January 1, 2018, whichever is later.