SB00301 • 2026

AN ACT REQUIRING THE DEPARTMENT OF BANKING TO CONDUCT A STUDY RELATING TO SIGNATURE GUARANTEE PROGRAMS.

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 80
Effective date: Not listed

Plain English Breakdown

The bill defines terms by referencing specific federal codes, so the exact meaning depends on those external regulations.

Study on Signature Guarantee Programs

This law requires the Department of Banking to study how available signature guarantee programs are at state financial institutions and report its findings.

What This Bill Does

Requires the Department of Banking to conduct a study on signature guarantee programs at financial institutions in the state.
Asks the department to check if these programs are available to consumers.
Directs the department to look for any problems that stop people from getting a signature guarantee.
Sets a deadline of January 1, 2027, for finishing the study and writing a report.

Who It Names or Affects

The Department of Banking
Financial institutions in the state

Limits and Unknowns

The law does not say what the study will find or if it will change any rules.
The text states there is no expected fiscal impact because the department already has the capabilities to do the work.

Bill History

2026-03-19 LCO
Reported Out of Legislative Commissioners' Office
2026-03-19 Connecticut General Assembly
Favorable Report, Tabled for the Calendar, Senate
2026-03-19 Connecticut General Assembly
Senate Calendar Number 80
2026-03-19 LCO
File Number 80
2026-03-13 LCO
Referred to Office of Legislative Research and Office of Fiscal Analysis 03/18/26 5:00 PM
2026-03-10 BA
Joint Favorable
2026-03-10 LCO
Filed with Legislative Commissioners' Office
2026-02-27 Connecticut General Assembly
Public Hearing 03/03
2026-02-26 Connecticut General Assembly
Referred to Joint Committee on Banking

Official Summary Text

To require the Department of Banking to (1) conduct a study to assess (A) the availability of signature guarantee programs at financial institutions in the state, and (B) any issues relating to the ability of consumers to access such programs in order to obtain a guarantee, and (2) submit a report concerning the results of such study 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

Senate
SB301 / File No. 80 1

General Assembly File No. 80
February Session, 2026 Senate Bill No. 301

Senate, March 19, 2026

The Committee on Banking reported through SEN. MILLER of
the 27th Dist., Chairperson of the Committee on the part of the
Senate, that the bill ought to pass.

AN ACT REQUIRING THE DEPARTMENT OF BANKING TO
CONDUCT A STUDY RELATING TO SIGNATURE GUARANTEE
PROGRAMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. ( Effective from passage ) The Department of Banking shall 1
conduct a study to assess (1) the availability of signature guarantee 2
programs, as defined in 31 CFR 306.2, as amended from time to time, at 3
financial institutions in the state, and (2) any issues relating to the ability 4
of consumers to access such programs in order to obtain a guarantee, as 5
defined in 17 CFR 240.17Ad-15, as amended from time to time. Not later 6
than January 1, 2027, the department shall submit a report, in 7
accordance with the provisions of section 11 -4a of the general statutes, 8
concerning the results of such study to the joint standing committee of 9
the General Assembly having cognizance of matters relating to banking. 10
This act shall take effect as follows and shall amend the following
sections:

SB301 File No. 80

SB301 / File No. 80 2

Section 1 from passage New section

BA Joint Favorable

SB301 File No. 80

SB301 / File No. 80 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 requires the Department of Banking to conduct a
study relating to signature guarantee programs, results in no fiscal
impact since the department has the capabilities to meet the
requirements of the bill.

SB301 File No. 80

SB301 / File No. 80 4

OLR Bill Analysis
SB 301

AN ACT REQUIRING THE DEPARTMENT OF BANKING TO
CONDUCT A STUDY RELATING TO SIGNATURE GUARANTEE
PROGRAMS.

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