General Assembly |
Raised Bill No. 6801 | ||
January Session, 2015 |
LCO No. 3678 | ||
*03678_______BA_* | |||
Referred to Committee on BANKING |
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Introduced by: |
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(BA) |
AN ACT CONCERNING SMALL BUSINESS LENDING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective July 1, 2015) The Department of Banking, in consultation with the Department of Economic and Community Development, shall, within available appropriations, conduct a study of small business lending in the state. Such study shall include, but not be limited to, the feasibility of: (1) Establishing a state-run business and industrial development corporation; (2) creating mechanisms to increase Small Business Administration lending to promote and finance small businesses; and (3) forming a partnership between the Department of Economic and Community Development and Connecticut banks and credit unions to increase access to credit for small businesses in underserved communities. The Commissioner of Banking shall report, in accordance with the provisions of section 11-4a of the general statutes, the findings of such study to the joint standing committee of the General Assembly having cognizance of matters relating to banking on or before January 1, 2016.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
July 1, 2015 |
New section |
Statement of Purpose:
To conduct a study of small business lending 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.]