Connecticut 2025 Regular Session Status: In Committee

SB 1399 — AN ACT CONCERNING A STUDY REGARDING THE ESTABLISHMENT OF LIMITED PURPOSE TRUST COMPANIES.

Last action — FAV. RPT., TAB. FOR CAL., SEN.

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill died with 2025 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

4 added · 41 removed

4 line(s) added, 41 removed.

→
Previous
Latest
Senate General Assembly File No.
General Assembly Substitute Bill No.
216 January Session, 2025 Substitute Senate Bill No.
1399 January Session, 2025 AN ACT CONCERNING A STUDY REGARDING THE ESTABLISHMENT OF LIMITED PURPOSE TRUST COMPANIES.
1399 Senate, March 25, 2025 The Committee on Banking reported through SEN.
MILLER of the 27th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.
AN ACT CONCERNING A STUDY REGARDING THE ESTABLISHMENT OF LIMITED PURPOSE TRUST COMPANIES.
sSB1399 / File No.
APP Joint Favorable LCO 1 of 1
216 1 sSB1399 File No.
216 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:
Agency Affected Fund-Effect FY 26 $ FY 27 $ Banking Dept.
BF - Cost 50,000 - None 100,000 Note:
BF=Banking Fund Municipal Impact:
None Explanation The bill, whichrequirestheDepartment ofBanking (DOB)to conduct a study regarding the establishment of limited purpose trust companies in the state, results in a one-time cost to the state of $50,000 to $100,000 in FY 26.
DOB will need to hire a consultant to conduct the study because they do not have the required expertise within the department.
The Out Years None sSB1399 / File No.
216 2 sSB1399 File No.
216 OLR Bill Analysis sSB 1399 AN ACT CONCERNING A STUDY REGARDING THE ESTABLISHMENT OF LIMITED PURPOSE TRUST COMPANIES.
SUMMARY The Office of Legislative Research does not analyze Special Acts.
COMMITTEE ACTION Banking Committee Joint Favorable Substitute Yea 13 Nay 0 (03/11/2025) sSB1399 / File No.
216 3
⬇ Download PDF
View plain text versions (4)

Action History

  1. FAV. RPT., TAB. FOR CAL., SEN.

  2. NO NEW FILE BY COMM. ON Appropriations

  3. RPTD. OUT OF LCO

  4. FILED WITH LCO

  5. Joint Favorable

  6. REF. BY SEN. TO COMM. ON Appropriations

  7. FILE NO. 216

  8. SENATE CALENDAR NUMBER 166

  9. FAV. RPT., TAB. FOR CAL., SEN.

  10. RPTD. OUT OF LCO

  11. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/24/25

  12. FILED WITH LCO

  13. Joint Favorable Substitute

  14. PUBLIC HEARING 0304

  15. REF. TO JOINT COMM. ON Banking

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 0 co-sponsors · 187 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (187)

187 members have not signed on to this bill.

Show all 187 →

"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

What is the current status of SB 1399?
This bill died with 2025 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 SB 1399?
Track SB 1399 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1399

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1399

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →