Connecticut Seal

General Assembly

 

Proposed Bill No. 5131

 

January Session, 2015

 

LCO No. 182

 

*00182*

Referred to Committee on BANKS

 

Introduced by:

 

REP. SRINIVASAN, 31st Dist.

 

AN ACT REQUIRING THE BANKING COMMISSIONER TO CONDUCT A STUDY OF CROWDFUNDING LEGISLATION IN OTHER STATES.

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

That the Banking Commissioner be required to (1) conduct a study of existing legislation in other states concerning investment crowdfunding exemptions for nonaccredited investors, and (2) make recommendations for the implementation of such legislation in Connecticut.

Statement of Purpose:

To require the Banking Commissioner to conduct a study of crowdfunding legislation in other states.