Connecticut 2010 Regular Session

Connecticut Senate Bill SB00055 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		General Assembly Raised Bill No. 55
2	2		February Session, 2010 LCO No. 535
3		-	_____~~SB00055BA~~__~~__031710___~~_
	3	+	00535_______BA_
4	4		Referred to Committee on Banks
5	5		Introduced by:
6	6		(BA )
7	7
8	8		General Assembly
9	9
10	10		Raised Bill No. 55
11	11
12	12		February Session, 2010
13	13
14	14		LCO No. 535
15	15
16		-	_____~~SB00055BA~~__~~__031710___~~_
	16	+	00535_______BA_
17	17
18	18		Referred to Committee on Banks
19	19
20	20		Introduced by:
21	21
22	22		(BA )
23	23
24	24		AN ACT CONCERNING ECONOMIC SECURITY.
25	25
26	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
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28	28		Section 1. (Effective from passage) (a) There is established a task force to study the economic security of this state. Such study shall include, but not be limited to, the ways in which the state may: (1) Encourage the growth and retention of businesses in the state that are unable to obtain financing under reasonable terms and conditions due to the contraction in liquidity in the banking system; (2) stimulate (A) the growth and retention of jobs, (B) the development of all geographic regions of the state, and (C) the increase in state and municipal tax revenue; and (3) address concerns with the availability of financing that has been discontinued subsequent to a merger, takeover or liquidation of a financial institution.
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30	30		(b) The task force shall consist of the following members:
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32	32		(1) Two appointed by the speaker of the House of Representatives;
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34	34		(2) Two appointed by the president pro tempore of the Senate;
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36	36		(3) One appointed by the majority leader of the House of Representatives;
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38	38		(4) One appointed by the majority leader of the Senate;
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40	40		(5) One appointed by the minority leader of the House of Representatives;
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42	42		(6) One appointed by the minority leader of the Senate;
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44	44		(7) The Banking Commissioner, or the commissioner's designee; and
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46	46		(8) Two persons appointed by the Governor.
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48	48		(c) Any member of the task force appointed under subdivision (1), (2), (3), (4), (5) or (6) of subsection (b) of this section may be a member of the General Assembly.
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50	50		(d) All appointments to the task force shall be made no later than thirty days after the effective date of this section. Any vacancy shall be filled by the appointing authority.
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52	52		(e) The speaker of the House of Representatives and the president pro tempore of the Senate shall select the chairpersons of the task force from among the members of the task force. Such chairpersons shall schedule the first meeting of the task force, which shall be held no later than sixty days after the effective date of this section.
53	53
54	54		(f) The administrative staff of the joint standing committee of the General Assembly having cognizance of matters relating to banks shall serve as administrative staff of the task force.
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56	56		(g) Not later than January 1, 2011, the task force shall submit a report on its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to banks, in accordance with the provisions of section 11-4a of the general statutes. The task force shall terminate on the date that it submits such report or January 1, 2011, whichever is later.
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58	58
59	59
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61	61		This act shall take effect as follows and shall amend the following sections:
62	62		Section 1 from passage New section
63	63
64	64		This act shall take effect as follows and shall amend the following sections:
65	65
66	66		Section 1
67	67
68	68		from passage
69	69
70	70		New section
71	71
	72	+	Statement of Purpose:
72	73
	74	+	To establish a task force to study ways in which the state may (1) encourage the growth of business, (2) stimulate job growth and increase state and municipal tax revenue, and (3) address concerns regarding the availability of financing after the merger, takeover or liquidation of a financial institution.
73	75
74		-	BA Joint Favorable
75		-
76		-	BA
77		-
78		-	Joint Favorable
	76	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]