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CT SB00121
Bill
Status
5/30/2024
Primary Sponsor
Banking Committee
Click for details
AI Summary
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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.
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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).
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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.
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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.
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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