OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-6992

AN ACT PROTECTING THE INTERESTS OF CONSUMERS DOING BUSINESS WITH FINANCIAL PLANNERS.

As Amended by House "A" (LCO 7755)

House Calendar No.: 42


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill makes various changes affecting financial planners that have no fiscal impact. The bill also requires the Department of Banking (DOB) and the Department of Consumer Protection (DCP) to post certain information regarding financial planners and consumers' rights and results in no fiscal impact as DOB and DCP update and alter their agency websites as a normal course of operations.

House “A” strikes the underlying bill and replaces it with language that has the fiscal impact described above.

The Out Years

State Impact: None

Municipal Impact: None