Bill Text: CT HB05577 | 2014 | General Assembly | Comm Sub

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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-Comm_Sub.html

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General Assembly		Substitute Bill No. 5577
February Session, 2014		*_____HB05577BA____041714____*

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 report 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

CE	Joint Favorable Subst. -LCO
BA	Joint Favorable