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CT SB00121

Bill

Status

Passed

5/30/2024

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2024 General Assembly

AI Summary

  • Effective October 1, 2024, authorizes the Attorney General to enforce the Dodd-Frank Wall Street Reform and Consumer Protection Act by issuing subpoenas for documentary material, testimony, and written interrogatories.

  • Requires the Attorney General to coordinate with the Banking Commissioner before issuing subpoenas to persons within the commissioner's jurisdiction, allowing 10 business days for review (or 2 business days in exigent circumstances).

  • Provides banks and out-of-state banks the right to designate officers or agents to testify on their behalf, except when the Attorney General has good faith reason to believe a high-ranking official has unique, direct knowledge of a Dodd-Frank violation.

  • Prohibits public disclosure of confidential material obtained during investigations, with exceptions for civil actions, law enforcement cooperation, and oral testimony when necessary to adduce evidence of violations.

  • Restricts telemarketers from making telephonic sales calls to consumers on the "no sales solicitation calls" listing unless the telemarketer has received prior express written consent from the consumer.

Legislative Description

An Act Concerning The Attorney General, The Banking Commissioner, The Dodd-frank Wall Street Reform And Consumer Protection Act And Telephonic Sales Calls For Soliciting Consumer Goods Or Services.

Last Action

Signed by the Governor

5/30/2024

Committee Referrals

Judiciary4/24/2024
Banking2/15/2024

Full Bill Text

No bill text available