An Act Concerning Improved Public Access To Certain Business Records Filed With The Secretary Of The State.
Impact
If enacted, HB 07097 would amend existing laws regarding the accessibility of business records, facilitating greater public engagement and oversight. The move is expected to empower individuals and entities to more easily obtain essential information about businesses, which may contribute to increased accountability and possibly foster an improved business environment within the state.
Summary
House Bill 07097 aims to enhance public access to certain business records filed with the Secretary of the State. The bill mandates the Secretary or their designee to improve the CONCORD commercial records database by implementing changes that enable the public to easily find the name and address of a business entity's agent for service of process. These enhancements are to be completed by July 1, 2020, improving transparency regarding business ownership and operations.
Sentiment
The general sentiment surrounding HB 07097 appears to be positive, with legislators acknowledging the importance of transparency in business practices. Supporters emphasized that improving access to public records is a step toward creating a more informed citizenry and bolstering trust in business operations. The succinctly unanimous vote in favor of the bill, which concluded with 138 yeas and 0 nays, suggests strong legislative support and agreement on the value of this initiative.
Contention
While no significant points of contention were highlighted during the voting process, it is important to note that any changes to how business records are accessed may raise concerns among some businesses regarding privacy and data security. However, these concerns did not appear to impede bipartisan support for the bill, which indicates a shared understanding of the potential benefits of transparency in allowing for easier public access to business records.
An Act Concerning Consumer Credit, Certain Bank Real Estate Improvements, The Connecticut Uniform Securities Act, Shared Appreciation Agreements, Innovation Banks, The Community Bank And Community Credit Union Program And Technical Revisions To The Banking Statutes.