Connecticut Senate Bill SB00169

Connecticut 2020 Regular Session

• Introduced: 2/20/20
• Refer: 2/20/20
• Report Pass: 3/5/20

Caption

An Act Concerning Connecticut Innovations, Incorporated And Private Equity Investment.

Impact

The bill aims to enhance the understanding of private equity's impact on Connecticut's economy. By requiring a systematic study, the legislation intends to shed light on current investment trends and highlight areas where private equity can play a pivotal role in fostering local businesses and driving innovation. The resulting report, which is due by January 1, 2021, will be submitted to the joint standing committee of the General Assembly focusing on commerce, thereby integrating findings into the state's economic planning and legislative processes.

Summary

SB00169, titled 'An Act Concerning Connecticut Innovations, Incorporated and Private Equity Investment,' mandates Connecticut Innovations, Incorporated to conduct a study related to private equity investment within the state. The bill represents an initiative to better understand the role of private equity in bolstering economic growth and development in Connecticut. The findings from this study are expected to provide insights that could influence future policymaking and investment strategies within the state.

Contention

While there are no immediate points of contention explicitly mentioned in this bill, discussions surrounding private equity and governmental oversight often spark debate. Advocates may argue that increased understanding of private equity could lead to beneficial investments and a stronger economy. Conversely, critics might express concerns regarding the influence of private equity on local businesses and the potential for prioritizing profit over community needs. The outcome of the study may also shape future legislative actions, potentially leading to divisions based on differing views on private equity's influence.