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HB05213 • 2026

AN ACT ESTABLISHING A WORKING GROUP TO EVALUATE PAYROLL PROCESSING METHODS EMPLOYED BY FINANCIAL INSTITUTIONS.

AN ACT ESTABLISHING A WORKING GROUP TO EVALUATE PAYROLL PROCESSING METHODS EMPLOYED BY FINANCIAL INSTITUTIONS.

Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Banking Committee
Last action
2026-03-23
Official status
File Number 106
Effective date
Not listed

Plain English Breakdown

The bill summary and text do not provide detailed information on how the working group will operate, leaving some aspects of its functioning unspecified.

Setting Up a Group to Study Payroll Processing

This act creates a working group to study payroll processing methods used by financial institutions and the time it takes for payroll checks to clear.

What This Bill Does

  • Creates a working group to examine payroll processing methods used by financial institutions.
  • Includes members from banking committees, the Banking Commissioner, and representatives of banks and credit unions.
  • Requires the first meeting to be held within two months after the act is passed.
  • Asks the working group to submit a report with findings and recommendations by January 1, 2027.

Who It Names or Affects

  • Financial institutions that process payroll for employees.
  • Banking committees in the General Assembly.
  • The Banking Commissioner and their staff.

Terms To Know

Working group
A team of people brought together to study a specific issue or topic.
Payroll processing methods
The ways financial institutions handle and distribute employee paychecks.

Limits and Unknowns

  • Does not specify the exact details on how the working group will operate.
  • Does not provide funding for the activities of the working group.
  • Does not outline specific changes to payroll processing methods.

Bill History

  1. 2026-03-23 LCO

    Reported Out of Legislative Commissioners' Office

  2. 2026-03-23 Connecticut General Assembly

    Favorable Report, Tabled for the Calendar, House

  3. 2026-03-23 Connecticut General Assembly

    House Calendar Number 100

  4. 2026-03-23 LCO

    File Number 106

  5. 2026-03-16 LCO

    Referred to Office of Legislative Research and Office of Fiscal Analysis 03/23/26 12:00 PM

  6. 2026-03-10 BA

    Joint Favorable

  7. 2026-03-10 LCO

    Filed with Legislative Commissioners' Office

  8. 2026-02-19 Connecticut General Assembly

    Public Hearing 02/24

  9. 2026-02-18 Connecticut General Assembly

    Referred to Joint Committee on Banking

Official Summary Text

To establish a working group to evaluate payroll processing methods employed by financial institutions and the time required for payroll checks to clear.

Current Bill Text

Read the full stored bill text 
House of Representatives
HB5213 / File No. 106 1

General Assembly File No. 106
February Session, 2026 House Bill No. 5213

House of Representatives, March 23, 2026

The Committee on Banking reported through REP. DOUCETTE
of the 13th Dist., Chairperson of the Committee on the part of
the House, that the bill ought to pass.

AN ACT ESTABLISHING A WORKING GROUP TO EVALUATE
PAYROLL PROCESSING METHODS EMPLOYED BY FINANCIAL
INSTITUTIONS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. ( Effective from passage ) (a) The chairpersons of the joint 1
standing committee of the General Assembly having cognizance of 2
matters relating to banking shall convene a working group to study 3
payroll processing methods employed by financial institutions and the 4
time required for payroll checks to clear. 5
(b) The working group shall include, but need not be limited to, the 6
following members: 7
(1) The chairpersons and ranking members of the joint standing 8
committee of the General Assembly having cognizance of matters 9
relating to banking, or their designees; 10
(2) The Banking Commissioner, or the commissioner's designee; 11
HB5213 File No. 106

HB5213 / File No. 106 2

(3) One representative of a bank; and 12
(4) One representative of a credit union. 13
(c) The chairpersons of the joint standing committee of the General 14
Assembly having cognizance of matters relating to banking shall (1) 15
make all appointments to the working group, and (2) schedule the first 16
meeting of the working group, which shall be held not later than sixty 17
days after the effective date of this section. 18
(d) The members of the working group shall select two 19
cochairpersons from among the members of the working group. 20
(e) The administrative staff of the joint standing committee of the 21
General Assembly having cognizance of matters relating to banking 22
shall serve as administrative staff of the working group. 23
(f) Not later than January 1, 2027, the working group shall submit a 24
report on its findings and recommendations to the joint standing 25
committee of the General Assembly having cognizance of matters 26
relating to banking, in accordance with the provisions of section 11 -4a 27
of the general statutes. The working group shall terminate on the date 28
that it submits such report or January 1, 2027, whichever is later. 29
This act shall take effect as follows and shall amend the following
sections:

Section 1 from passage New section

BA Joint Favorable

HB5213 File No. 106

HB5213 / File No. 106 3

The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of
the General Assembly, solely for purposes of information, summarization and explanation and do not
represent the intent of the General Assembly or either chamber thereof for any purpose. In general,
fiscal impacts are based upon a variety of informational sources, including the analyst’s professional
knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final
products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note

State Impact: None
Municipal Impact: None
Explanation
The bill, which establishes a working group to study payroll
processing methods, results in no impact to the state as the members
have expertise in the subject area. The administrative staff of the
Banking Committee will serve as administrative staff for the group.

HB5213 File No. 106

HB5213 / File No. 106 4

OLR Bill Analysis
HB 5213

AN ACT ESTABLISHING A WORKING GROUP TO EVALUATE
PAYROLL PROCESSING METHODS EMPLOYED BY FINANCIAL
INSTITUTIONS.

SUMMARY
The Office of Legislative Research does not analyze Special Acts.
COMMITTEE ACTION
Banking Committee
Joint Favorable
Yea 13 Nay 0 (03/10/2026)