Connecticut Senate Bill SB00973

Connecticut 2019 Regular Session

• Introduced: 2/28/19
• Refer: 2/28/19

Caption

An Act Establishing A Task Force To Study Options Available To Protect Disabled Veterans' Retirement.

Impact

The establishment of this task force could lead to significant changes in how the state addresses the financial welfare of disabled veterans. By investigating predatory practices and recommending solutions, the task force may provide legislative proposals that enhance protections against unscrupulous financial tactics targeting veterans. Its findings and suggestions could lead to new regulations or stronger oversight in the financial services sector, specifically tailored to prevent abuse in the context of veterans' retirement.

Summary

SB00973 aims to establish a task force that focuses on studying options available to protect disabled veterans from predatory practices regarding their retirement plans. The bill emphasizes the need to safeguard this vulnerable group from potential exploitation in financial dealings, particularly relating to their pensions and retirement benefits. The task force will comprise various stakeholders, including members from both legislative chambers and representatives from state departments dealing with veterans and insurance.

Contention

While the bill primarily aims to protect disabled veterans, there may be differing opinions on the effectiveness of such a task force. Proponents argue that it will create a focused approach towards safeguarding veterans while providing much-needed support and guidance on retirement issues. Conversely, critics may raise concerns regarding the implementation of the findings, questioning whether mere studies and reports can translate into effective legal protections or if more immediate action is required to address ongoing predatory practices.