SB 1544 — AN ACT CONCERNING A STUDY ON PRESETTLEMENT LEGAL FUNDING AND LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION AWARD.

Substitute Senate GeneralBill Assembly File No.

7451544 JanuarySpecial Session,Act 2025 Substitute Senate Bill No.

154425-20 Senate,AN AprilACT 23,CONCERNING 2025A TheSTUDY CommitteeON onPRESETTLEMENT JudiciaryLEGAL reportedthroughFUNDING SEN.AND LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION AWARD.

WINFIELD of the 10th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

AN ACT CONCERNING A STUDY ON PRESETTLEMENT LEGAL FUNDING AND LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION AWARD.

(C) any consent decree entered into between the department and an entity subject to the provisions of title 36a of the general statutes relating to anallegedimpropriety intheprovisionofpresettlement legal sSB1544funding /to Filea No.person seeking compensation for wrongful incarceration under section 54-102uu of the general statutes;

745and 1(D) sSB1544any Fileother enforcement actions taken by the department with respect to a consumer complaint against an entity subject to the provisions of title Substitute Senate Bill No.

7451544 funding36a of the general statutes relating to presettlement legal funding or a personloan seekingmade compensationin forconnection with the anticipated proceeds from a wrongful incarceration award under section 54-102uu of the general statutes;

and (D) any other enforcement actions taken by the department with respect to a consumer complaint against an entity subject to the provisions of title 36a of the general statutes relating to presettlement legal funding or a loan made in connection with the anticipated proceeds from a wrongful incarceration award under section 54-102uu of the general statutes;

ThisGovernor's actAction: shall take effect as follows and shall amend the following sections:

SectionApproved 1July from8, passage2025 NewSpecial sectionAct JUDNo. Joint Favorable Subst.

sSB154425-20 /2 Fileof No.2

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745 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 on presettlement legal funding and loans made in connection with the anticipated receipt of a wrongful incarceration award, does not resultinafiscalimpact becausethedepartmenthastheexpertisetomeet the bill's requirements.

The Out Years State Impact:

None Municipal Impact:

None sSB1544 / File No.

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745 OLR Bill Analysis sSB 1544 AN ACT CONCERNING A STUDY ON PRESETTLEMENT LEGAL FUNDING AND LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION AWARD.

SUMMARY The Office of Legislative Research does not analyze Special Acts.

COMMITTEE ACTION Judiciary Committee Joint Favorable Substitute Yea 41 Nay 0 (04/04/2025) sSB1544 / File No.

745 4