HB 06681 Summary

• Attorney General may bring civil actions to enforce provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) that state attorneys general are authorized to enforce.

• Attorney General may issue subpoenas for documentary material, oral testimony, and written interrogatories during investigations of alleged Dodd-Frank violations, with reasonable timeframes for response.

• All documentary material, testimony transcripts, and investigation information shall be kept confidential and not subject to public disclosure or Freedom of Information Act requests, except when disclosed for supervisory, governmental, or law enforcement purposes.

• Attorney General may share confidential investigation materials with federal, state, and other state officials for appropriate purposes including civil actions, with courts able to issue protective orders to maintain confidentiality.

• Persons who refuse or fail to comply with subpoenas may be ordered by Hartford Superior Court to comply and/or pay a civil penalty not to exceed $10,000.

• Act takes effect October 1, 2023 and does not limit the Banking Commissioner's authority to enforce Dodd-Frank or other state and federal laws.