An Act Concerning The Office Of The Attorney General And The Dodd-frank Wall Street Reform And Consumer Protection Act.
Impact
If enacted, the bill would significantly impact state laws related to the powers of the Attorney General. By enabling the office to enforce the Dodd-Frank Act at a state level, it potentially allows for a more robust response to financial wrongdoing within Connecticut. The implications include greater protection for consumers in financial transactions by ensuring compliance with established federal regulations, thus enhancing consumer trust in financial institutions operating within the state.
Summary
House Bill 05317 is designed to enhance the enforcement capabilities of the Office of the Attorney General regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill allows the Attorney General, along with designated deputies, to bring civil actions in courts whenever there are violations of the provisions set forth in the Dodd-Frank Act. It empowers the office to issue subpoenas and gather necessary documentation and testimony relevant to its investigations, thus strengthening its ability to hold violators accountable under this federal statute.
Sentiment
The sentiment surrounding HB 05317 appears to be generally positive among proponents who see it as a necessary step in improving consumer protections and regulatory oversight. Advocates argue that it provides the state with essential tools to address financial malfeasance and safeguard citizens. Opposition, however, may arise from those concerned about potential overreach and the implications of expanding the Attorney General's powers, although specific dissenting voices were less noted in the available discussions.
Contention
Notable points of contention might arise regarding the scope of the powers granted under this bill. There are concerns about the balance between providing the Attorney General with necessary enforcement tools and ensuring there are adequate checks and balances in place to prevent abuse of power or overly broad interpretations of authority. Discussions may center around how these changes could affect not just financial institutions, but also consumers, and the ethical implications of increased investigative powers.
An Act Concerning The Attorney General, The Banking Commissioner, The Dodd-frank Wall Street Reform And Consumer Protection Act And Telephonic Sales Calls For Soliciting Consumer Goods Or Services.
An Act Concerning The Attorney General, The Banking Commissioner, The Dodd-frank Wall Street Reform And Consumer Protection Act And Telephonic Sales Calls For Soliciting Consumer Goods Or Services.
Providing for cause of action for antitrust conduct, for indirect purchaser recovery under State antitrust laws and for premerger notice of health care mergers and transactions; and imposing penalties.
Establishing cause of action for antitrust conduct, for indirect purchaser recovery under State antitrust laws and for premerger notice of health care mergers and transactions; and imposing penalties.
Establishing cause of action for antitrust conduct, for indirect purchaser recovery under State antitrust laws and for premerger notice of health care mergers and transactions; and imposing penalties.