Connecticut 2017 Regular Session Status: In Committee

HB 7162 — AN ACT PROTECTING VICTIMS OF FRAUD BY CERTAIN FINANCIAL INSTITUTIONS.

Last action — FILE NO. 137

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

9 added · 12 removed

Plain-language change summary

The amendment to HB 7162 updates the way individuals can bring actions under the Connecticut Unfair Trade Practices Act, specifically changing a reference from "42-110" to "42-110b" for consistency. It clarifies that individuals can bring lawsuits on behalf of the state without needing to prove public interest or injury, seeking remedies such as restitution and attorney's fees. Additionally, it ensures that arbitration agreements do not limit an individual's right to file such actions. This means individuals have a clearer pathway to enforce the law without facing barriers related to arbitration or public interest requirements.

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General Assembly   Raised Bill No.
General Assembly   Substitute Bill No.
7162 January Session, 2017   LCO No.
7162 January Session, 2017   *_____HB07162BA____030817____* AN ACT PROTECTING VICTIMS OF FRAUD BY CERTAIN FINANCIAL INSTITUTIONS.
4424   *04424_______BA_* Referred to Committee on BANKING   Introduced by:
  (BA)   AN ACT PROTECTING VICTIMS OF FRAUD BY CERTAIN FINANCIAL INSTITUTIONS.
(NEW) (Effective October 1, 2017) (a) Any person who suffers any ascertainable loss of money or property, real or personal, as a result of the use or employment of a method, act or practice prohibited by section 42-110b of the general statutes by any financial institution, out-of-state bank or out-of-state credit union, each as defined in section 36a-2 of the general statutes, or mortgage servicer, as defined in section 36a-715 of the general statutes, may bring an action in the name of the state of Connecticut in the judicial district in which such person resides or is doing business for an order temporarily or permanently restraining and enjoining the continuance of such method, act or practice and for an order directing restitution.
(NEW) (Effective October 1, 2017) (a) Any person who suffers any ascertainable loss of money or property, real or personal, as a result of the use or employment of a method, act or practice prohibited by section 42-110b of the general statutes by any financial institution, out-of-state bank or out-of-state credit union, each as defined in section 36a-2 of the general statutes, or mortgage servicer, as defined in section 36a-715 of the general statutes, may bring an action in the name of the state in the judicial district in which such person resides or is doing business for an order temporarily or permanently restraining and enjoining the continuance of such method, act or practice and for an order directing restitution.
(b) An action commenced under subsection (a) of this section may allege violations of section 42-110 of the general statutes that have affected other persons similarly situated who are residents of this state or injured in this state.
(b) An action commenced under subsection (a) of this section may allege violations of section 42-110b of the general statutes that have affected other persons similarly situated who are residents of this state or injured in this state.
Any person commencing an action under this section shall not be exempt from court fees pursuant to section 52-259a of the general statutes.
Section 1 October 1, 2017 New section Statement of Purpose:
Section 1 October 1, 2017 New section Statement of Legislative Commissioners:
To allow private citizens to file lawsuits on behalf of the state to enforce violations of the Connecticut Unfair Trade Practices Act.
In Subsec.
[Proposed deletions are enclosed in brackets.
(b), "42-110" was changed to "42-110b" for consistency with Subsec.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
(a).
BA Joint Favorable Subst.
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Action History

  1. FILE NO. 137

  2. HOUSE CALENDAR NUMBER 132

  3. FAV. RPT., TABLED FOR HOUSE CALENDER

  4. RPTD. OUT OF LCO

  5. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/21/17

  6. FILED WITH LCO

  7. Joint Favorable Substitute

  8. PUBLIC HEARING 0302

  9. REF. TO JOINT COMM. ON Banking

Sponsors

  • Banking Committee · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 186 not signed on

Sponsors (1)

  • Banking Committee

Co-sponsors (0)

None.

Not signed on (186)

186 members have not signed on to this bill.

Show all 186 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 7162?
HB 7162 is sponsored by Banking Committee.
What is the current status of HB 7162?
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 7162?
Track HB 7162 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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