HB 5315 — AN ACT ESTABLISHING A WORKING GROUP TO STUDY CONSUMER FRAUD AND PROTECTIONS AGAINST SUCH FRAUD.

House of Representatives General Assembly RaisedFile Bill No.

531599 February Session, 2026 LCOSubstitute House Bill No.

20435315 ReferredHouse toof Representatives, March 19, 2026 The Committee on BANKINGBanking Introducedreported by:through REP.

(BA)DOUCETTE ANof ACTthe ESTABLISHING13th ADist., WORKINGChairperson GROUPof TOthe STUDYCommittee CONSUMERon FRAUDthe ANDpart PROTECTIONSof AGAINSTthe SUCHHouse, FRAUD.that the substitute bill ought to pass.

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

(3) AThe representativeCommissioner of anEmergency associationServices thatand representsPublic financialProtection, institutionsor in the state;commissioner's designee;

(4)sHB5315 A/ representativeFile of an organization that represents credit unions LCO No.

204399 1 ofsHB5315 3File RaisedNo. Bill No.5315 in the state;

(5)99 A(4) representativeThe executive director of anthe organizationCommission thaton representsWomen, consumersChildren, inSeniors, Equity and Opportunity, or the state;executive director's designee;

(6)(5) AAn representativeelder oflaw anattorney organizationwho that represents senior citizens in the state;

(7)(6) ThreeA membersrepresentative of an association that represents financial institutions in the state,state; who shall be appointed by such association;

and(7) (8)A Threerepresentative members of an organization that represents credit unions in the state,state; who shall be appointed by such association.

(8) A representative of an organization that represents consumers in the state;

(9) A representative of an organization that represents senior citizens in the state;

(10) Three members of an association that represents financial institutions in the state, who shall be appointed by such association;

and (11) Three members of an organization that represents credit unions in the state, who shall be appointed by such organization.

(1) Appoint the members described in subdivisions (3)(5) to (6),(9), inclusive, of subsection (b) of this section;

(2) Select the associationsassociation and organization described in subdivisions (7)(10) and (8)(11) of subsection (b) of this sectionsection, respectively, for the purpose of making the appointments described in said subdivisions;

(e)sHB5315 The/ administrativeFile staffNo. of the joint standing committee of the General Assembly having cognizance of matters relating to banking shall serve as administrative staff of the working group.

(f)99 Not2 latersHB5315 thanFile January 1, 2027, the working group shall submit a report on its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to banking, in accordance with the provisions of section 11-4a LCO No.

204399 2(e) The administrative staff of 3the Raisedjoint Billstanding No.committee of the General Assembly having cognizance of matters relating to banking shall serve as administrative staff of the working group.

5315(f) Not later than January 1, 2027, the working group shall submit a report on its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to banking, in accordance with the provisions of section 11-4a of the general statutes.

Section 1 from passage New section StatementBA ofJoint Purpose:Favorable Subst.

TosHB5315 (1)/ establishFile aNo. 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.

that99 when3 thesHB5315 entireFile text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] LCO No.

204399 3The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of 3the 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 4 sHB5315 File No.

99 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) sHB5315 / File No.

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