LCO No. 4639 1 of 1 General Assembly Raised Bill No. 6989 January Session, 2025 LCO No. 4639 Referred to Committee on BANKING Introduced by: (BA) AN ACT CONCERNING A STUDY REGARDING FINANCIAL INSTITUTIONS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (Effective from passage) The Department of Banking shall 1 conduct a study regarding financial institutions in the state. Not later 2 than January 15, 2026, the department shall submit a report, in 3 accordance with the provisions of section 11-4a of the general statutes, 4 concerning the results of such study to the joint standing committee of 5 the General Assembly having cognizance of matters relating to banking. 6 This act shall take effect as follows and shall amend the following sections: Section 1 from passage New section Statement of Purpose: To require the Department of Banking to conduct a study and submit a report concerning financial institutions in the state. [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]