OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sHB-5895 AN ACT ESTABLISHING A TASK FORCE ON THE REDUCTION OF STUDENT LOAN DEBT. Primary Analyst: DC 3/29/21 Contributing Analyst(s): OFA Fiscal Note State Impact: None Municipal Impact: None Explanation The bill establishes a sixteen-member task force to study the amount of student loan debt incurred by students and graduates in the state and options available for reducing such debt. Not later than January 1, 2022, 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 higher education. The task force shall terminate on the date that it submits such report or January 1, 2022, whichever is later. This bill has no fiscal impact as PA 17-236 prohibits transportation allowances for task force members. The Out Years State Impact: None Municipal Impact: None