2025 Regular Session • Connecticut Legislature
SB01077: An Act Authorizing The Banking Commissioner To Grant Certificates To Establish Limited Purpose Trust Companies.
Legislative Summary
To (1) allow for the establishment of limited purpose trust companies that conduct only trust and fiduciary business, and (2) exempt such companies from certain banking regulations.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/22/2025
Referred to Joint Committee on Public Safety and Security
Senate
Status Information
Current Status
Introduced(1/22/2025)
Chamber
Senate
Committee
Public Safety and Security(Joint Conference)
Sponsors
Democrat: 1
Primary Sponsor
Paul Honig
Democrat