l9n/ Connecticut

2025 Regular Session

House Bill 7083

AN ACT CONCERNING VARIOUS REVISIONS TO THE CREDIT UNION STATUTES RELATING TO NONMEMBER PAYMENTS, MEMBER BUSINESS LOANS, CHARITABLE CONTRIBUTIONS, EXTENSIONS OF CREDIT, CAPITAL AND NET WORTH.

Became law as Public Act 25-37, signed June 10, 2025, 103 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To (1) define "loan officer" for the purposes of various statutes relating to credit unions, (2) establish that certain credit unions may receive certain payments from nonmembers, (3) redefine "member business loan" for the purposes of certain statutory provisions relating to credit union loans, (4) establish that the management of Connecticut credit unions may make certain charitable contributions and gifts, (5) establish that employees, insiders or members of the governing board of Connecticut credit unions may obtain extensions of credit with preferential rates, terms or conditions, (6) establish that a Connecticut credit union may adopt policies establishing the manner in which such Connecticut credit union characterizes the proceeds of the resale of repossessed goods, and (7) redefine "capital" and "net worth" for the purposes of various statutory provisions relating to credit unions.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

1 co-sponsor

Farley Santos

In the Senate

    1 co-sponsor

    Patricia Billie Miller

    Its course

    February 27 to June 10, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action21 actions on 12 days

    In the House of RepresentativesFeb 27 to May 163 days

    Banking CommitteeFeb 27 to Mar 1112 days

    In the SenateMay 1 to May 2827 days

    Waiting to be sentMay 28 to Jun 58 days

    With the GovernorJun 5 to Jun 105 days

    Amendments

    Each amendment offered, and what became of it.

    • House of Representatives floor amendmentAdopted

      Adopted May 1 · Adopted May 28

    Text

    Each version as the General Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the General Assembly published it is below.

    In the House of Representatives Feb 27 – May 1

    1. Feb 27Introduced and sent to Banking Committee
    2. Feb 28Heard in Banking Committee
    3. Mar 11Banking Committee recommended a substitute for it
    4. May 1The House of Representatives adopted House of Representatives Amendment A
    5. Passed the House of Representatives with House of Representatives Amendment A

    In the Senate May 5 – May 28

    1. May 5Arrived in the Senate
    2. May 28The Senate adopted House of Representatives Amendment A
    3. Passed the Senate with House of Representatives Amendment A

    To the Governor Jun 3 – Jun 10

    1. Jun 3Numbered Public Act 25-37
    2. Jun 5Sent to the Secretary of the State
    3. Jun 9Sent to the Governor
    4. Jun 10Signed by the Governor
    All 21 actions, as published
    1. Feb 27REF. TO JOINT COMM. ONBoth houses
    2. Feb 28PUBLIC HEARINGBoth houses
    3. Mar 11Joint Favorable SubstituteBoth houses
    4. Mar 11FILED WITH LCOBoth houses
    5. Mar 21REFERRED TO OLR, OFABoth houses
    6. Mar 27RPTD. OUT OF LCOBoth houses
    7. Mar 27FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
    8. Mar 27HOUSE CALENDAR NUMBERHouse of Representatives
    9. Mar 27FILE NO.Both houses
    10. May 1HOUSE ADOPTED HOUSE AMEND. SCH.House of Representatives
    11. May 1HOUSE PASSED, HOUSE AMEND. SCH.House of Representatives
    12. May 5FAV. RPT., TAB. FOR CAL., SEN.Senate
    13. May 5SENATE CALENDAR NUMBERSenate
    14. May 5FILE NO.Both houses
    15. May 28SEN. ADOPTED HO. AMEND. SCH.Senate
    16. May 28SEN. PASSED, HO. AMEND. SCH.Senate
    17. May 28ON CONSENT CALENDAR /IN CONCURRENCESenate
    18. Jun 3PUBLIC ACTBoth houses
    19. Jun 5TRANSMITTED TO SECRETARY OF THE STATEBoth houses
    20. Jun 9TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNORGovernor
    21. Jun 10SIGNED BY GOVERNORGovernor