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HB05315 • 2026

AN ACT ESTABLISHING A WORKING GROUP TO STUDY CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.

AN ACT ESTABLISHING A WORKING GROUP TO STUDY CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.

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
2026-03-19
Official status
File Number 99
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about the exact composition of the working group beyond mentioning certain roles. The candidate explanation includes more detailed information which is not supported by the provided official summary.

Creating a Group to Study Consumer Fraud

This bill establishes a working group to study consumer fraud and protections against it, requiring the group to submit a report with their findings and recommendations.

What This Bill Does

  • Establishes a working group to examine how consumers are protected from fraud.
  • Includes members who have expertise in banking, emergency services, women's rights, elder law, financial institutions, credit unions, and consumer advocacy.
  • Requires the working group to meet within two months after the bill becomes law.
  • Asks the working group to select co-chairs from among its members.
  • Needs the working group to submit a report with their findings by January 1, 2027.

Who It Names or Affects

  • People who study and protect consumers from fraud
  • Financial institutions in the state
  • Credit unions in the state
  • Consumer advocacy organizations

Terms To Know

Working group
A team of people brought together to look at a specific issue and make suggestions.
Cognizance
The responsibility or authority to deal with something, like a committee dealing with banking issues.

Limits and Unknowns

  • Does not provide funding for the working group.
  • It is unclear what specific actions will be recommended by the report.
  • There are no penalties if the report is not submitted on time.

Bill History

  1. 2026-03-19 LCO

    Reported Out of Legislative Commissioners' Office

  2. 2026-03-19 Connecticut General Assembly

    Favorable Report, Tabled for the Calendar, House

  3. 2026-03-19 Connecticut General Assembly

    House Calendar Number 91

  4. 2026-03-19 LCO

    File Number 99

  5. 2026-03-13 LCO

    Referred to Office of Legislative Research and Office of Fiscal Analysis 03/18/26 5:00 PM

  6. 2026-03-10 BA

    Joint Favorable Substitute

  7. 2026-03-10 LCO

    Filed with Legislative Commissioners' Office

  8. 2026-02-27 Connecticut General Assembly

    Public Hearing 03/03

  9. 2026-02-26 Connecticut General Assembly

    Referred to Joint Committee on Banking

Official Summary Text

To (1) establish a working group to study consumer fraud and protections against such fraud, and (2) require such working group to submit a report on its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to banking.

Current Bill Text

Read the full stored bill text 
House of Representatives
sHB5315 / File No. 99 1

General Assembly File No. 99
February Session, 2026 Substitute House Bill No. 5315

House of Representatives, March 19, 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 substitute bill ought to pass.

AN ACT ESTABLISHING A WORKING GROUP TO STUDY
CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.
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
consumer fraud and protections against such fraud. 4
(b) The working group shall include, but need not be limited to, the 5
following members: 6
(1) The chairpersons and ranking members of the joint standing 7
committee of the General Assembly having cognizance of matters 8
relating to banking, or their designees; 9
(2) The Banking Commissioner, or the commissioner's designee; 10
(3) The Commissioner of Emergency Services and Public Protection, 11
or the commissioner's designee; 12
sHB5315 File No. 99

sHB5315 / File No. 99 2

(4) The executive director of the Commission on Women, Children, 13
Seniors, Equity and Opportunity, or the executive director's designee; 14
(5) An elder law attorney who represents senior citizens in the state; 15
(6) A representative of an association that represents financial 16
institutions in the state; 17
(7) A representative of an organization that represents credit unions 18
in the state; 19
(8) A representative of an organization that represents consumers in 20
the state; 21
(9) A representative of an organization that represents senior citizens 22
in the state; 23
(10) Three members of an association that represents financial 24
institutions in the state, who shall be appointed by such association; and 25
(11) Three members of an organization that represents credit unions 26
in the state, who shall be appointed by such organization. 27
(c) The chairpersons of the joint standing committee of the General 28
Assembly having cognizance of matters relating to banking shall: 29
(1) Appoint the members described in subdivisions (5) to (9), 30
inclusive, of subsection (b) of this section; 31
(2) Select the association and organization described in subdivisions 32
(10) and (11) of subsection (b) of this section, respectively, for the 33
purpose of making the appointments described in said subdivisions; 34
and 35
(3) Schedule the first meeting of the working group, which shall be 36
held not later than sixty days after the effective date of this section. 37
(d) The members of the working group shall select two 38
cochairpersons from among the members of the working group. 39
sHB5315 File No. 99

sHB5315 / File No. 99 3

(e) The administrative staff of the joint standing committee of the 40
General Assembly having cognizance of matters relating to banking 41
shall serve as administrative staff of the working group. 42
(f) Not later than January 1, 2027, the working group shall submit a 43
report on its findings and recommendations to the joint standing 44
committee of the General Assembly having cognizance of matters 45
relating to banking, in accordance with the provisions of section 11 -4a 46
of the general statutes. The working group shall terminate on the date 47
that it submits such report or January 1, 2027, whichever is later. 48
This act shall take effect as follows and shall amend the following
sections:

Section 1 from passage New section

BA Joint Favorable Subst.

sHB5315 File No. 99

sHB5315 / File No. 99 4

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 establishes a working group to study consumer protections
against consumer fraud. There is no fiscal impact to the state as the
working group members have expertise in the subject area. The
administrative staff of the Banking Committee will serve as
administrative staff for the group.

sHB5315 File No. 99

sHB5315 / File No. 99 5

OLR Bill Analysis
sHB 5315

AN ACT ESTABLISHING A WORKING GROUP TO STUDY
CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.

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