Bill Text: CT HB05577 | 2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Concerning A Crowdfunding Study By The Department Of Banking.

Spectrum:

Status: (Engrossed - Dead) 2014-05-06 - Senate Calendar Number 594 [HB05577 Detail]

Download: Connecticut-2014-HB05577-Introduced.html

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General Assembly		Raised Bill No. 5577
February Session, 2014		LCO No. 2643
		*02643_______CE_*
Referred to Committee on COMMERCE
Introduced by:
(CE)

AN ACT CONCERNING A CROWDFUNDING STUDY BY THE DEPARTMENT OF BANKING.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective July 1, 2014) The Banking Commissioner shall study legislation in other states concerning investment exemptions to allow crowdfunding. On or before January 1, 2015, the commissioner shall report, in accordance with the provisions of section 11-4a of the general statutes, the results of such study to the joint standing committees of the General Assembly having cognizance of matters relating to banks and commerce. Such study shall include, but not be limited to, an overview of such legislation and recommendations for the implementation of such legislation in Connecticut.

This act shall take effect as follows and shall amend the following sections:
Section 1	July 1, 2014	New section

Statement of Purpose:

To require the Banking Commissioner to study crowdfunding legislation in other states and provide recommendations for the implementation of such legislation in Connecticut.

[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.]