HB05213 • 2026

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 official text states the working group terminates on the date it submits its report or January 1, 2027, whichever is later. The candidate explanation stated 'whichever is earlier' implicitly by saying 'or', which was corrected to match the source.

Bill to Create a Group That Studies How Banks Handle Paychecks

This law creates a working group to study how financial institutions process payroll and the time it takes for those checks to clear.

What This Bill Does

Creates a working group led by chairpersons of the joint standing committee on banking.
Requires the group to study payroll processing methods used by financial institutions.
Asks the group to measure the time needed for payroll checks to clear.
Sets a deadline of January 1, 2027, for the group to submit its final report and recommendations.
Ends the working group's work once it submits its report or on January 1, 2027.

Who It Names or Affects

The joint standing committee of the General Assembly having cognizance of matters relating to banking
Bank representatives appointed to the group
Credit union representatives appointed to the group
Financial institutions whose payroll methods are being studied

Terms To Know

Working Group: A temporary team formed by committee chairpersons to study a specific topic and make recommendations.
Payroll Processing Methods: The ways financial institutions handle money sent for employee wages.
Checks Clearing Time: The amount of time it takes for a payroll check to be processed so the funds are available.

Limits and Unknowns

The bill does not say what specific changes will happen after the group finishes its study.
The law only requires the creation of the group and a report, but it does not force banks to change their methods immediately.
The exact names of bank or credit union representatives are not listed in this text.

Bill History

2026-03-23 LCO
Reported Out of Legislative Commissioners' Office
2026-03-23 Connecticut General Assembly
Favorable Report, Tabled for the Calendar, House
2026-03-23 Connecticut General Assembly
House Calendar Number 100
2026-03-23 LCO
File Number 106
2026-03-16 LCO
Referred to Office of Legislative Research and Office of Fiscal Analysis 03/23/26 12:00 PM
2026-03-10 BA
Joint Favorable
2026-03-10 LCO
Filed with Legislative Commissioners' Office
2026-02-19 Connecticut General Assembly
Public Hearing 02/24
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)