General Assembly Proposed Bill No. 128 January Session, 2017 LCO No. 1140 *01140* Referred to Committee on COMMERCE Introduced by: SEN. FRANTZ, 36th Dist. General Assembly Proposed Bill No. 128 January Session, 2017 LCO No. 1140 *01140* Referred to Committee on COMMERCE Introduced by: SEN. FRANTZ, 36th Dist. AN ACT EXEMPTING NEW BUSINESSES FROM STATE REGULATIONS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to exempt Connecticut-based startup companies from state regulations for the first two years of operations. Statement of Purpose: To encourage business development by easing regulatory burden on new companies.