AN ACT PROTECTING CONSUMER INFORMATION.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective from passage) Not later than July 1, 2006, the Banking Commissioner shall convene a working group to analyze and recommend methods to protect consumer data and prevent identity theft, as defined in section 53a-129a of the general statutes. Said commissioner may employ such consultants and experts as the commissioner deems necessary for the conduct of such analysis.

(b) The working group shall consist of (1) the Banking Commissioner or his or her designee, (2) a representative of the Connecticut Bankers Association, appointed by the chairpersons of the joint standing committee of the General Assembly having cognizance of matters relating to banks, (3) a representative of the Connecticut Business and Industry Association, appointed by the chairpersons of the joint standing committee of the General Assembly having cognizance of matters relating to banks, (4) a representative of the Connecticut Credit Union Association, appointed by the chairpersons of the joint standing committee of the General Assembly having cognizance of matters relating to banks, (5) a representative of the Connecticut Society of Mortgage Brokers, appointed by the chairpersons of the joint standing committee of the General Assembly having cognizance of matters relating to banks, (6) a representative of the Better Business Bureau, appointed by the ranking members of the joint standing committee of the General Assembly having cognizance of matters relating to banks, and (6) a representative of the American Association of Retired Persons, appointed by the ranking members of the joint standing committee of the General Assembly having cognizance of matters relating to banks. The commissioner shall chair the working group.

(c) Not later than January 1, 2007, the commissioner shall submit a report on the working group's findings and recommendations to the joint standing committees of the General Assembly having cognizance of matters relating to banks and the judiciary, in accordance with section 11-4a of the general statutes.

Statement of Purpose:

To establish a working group to analyze and recommend methods to protect consumer data and prevent identity theft.

[Proposed deletions are enclosed in brackets. 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.]