ConnecticutHB 070832025 Regular SessionHouse

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.

Sponsored By: Banking Committee

Signed by Governor

Summary

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.

banking

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Banking Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 189 • No: 4

Senate vote • 3/11/2025

Senate Roll Call Vote 264

Yes: 36 • No: 0

House vote • 3/11/2025

House Roll Call Vote 57 AS AMENDED

Yes: 144 • No: 0

House vote • 3/11/2025

BA Vote Tally Sheet (Joint Favorable Substitute)

Yes: 9 • No: 4

Actions Timeline

  1. Signed by the Governor

    6/10/2025legislature
  2. Transmitted by Secretary of the State to Governor

    6/9/2025legislature
  3. Transmitted to the Secretary of State

    6/5/2025legislature
  4. Public Act 25-37

    6/3/2025legislature
  5. On Consent Calendar / In Concurrence

    5/28/2025legislature
  6. Senate Passed as Amended by House Amendment Schedule A

    5/28/2025Senate
  7. Senate Adopted House Amendment Schedule A

    5/28/2025Senate
  8. File Number 822

    5/5/2025legislature
  9. Senate Calendar Number 437

    5/5/2025Senate
  10. Favorable Report, Tabled for the Calendar, Senate

    5/5/2025Senate
  11. House Passed as Amended by House Amendment Schedule A

    5/1/2025House
  12. House Adopted House Amendment Schedule A 7500

    5/1/2025House
  13. File Number 319

    3/27/2025legislature
  14. House Calendar Number 221

    3/27/2025House
  15. Favorable Report, Tabled for the Calendar, House

    3/27/2025House
  16. Reported Out of Legislative Commissioners' Office

    3/27/2025legislature
  17. Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM

    3/21/2025legislature
  18. Filed with Legislative Commissioners' Office

    3/11/2025legislature
  19. Joint Favorable Substitute

    3/11/2025legislature
  20. Public Hearing 03/04

    2/28/2025legislature
  21. Referred to Joint Committee on Banking

    2/27/2025legislature

Bill Text

  • Public Act No. 25-37

    6/3/2025

  • File No. 822

    5/5/2025

  • File No. 319

    3/27/2025

  • BA Joint Favorable Substitute

    3/11/2025

  • Raised Bill

    2/27/2025

  • BA Joint Fav. Rpt

  • BA Vote Tally Sheet (Joint Favorable Substitute)

  • Bill Analysis For File Copy 319

  • Bill Analysis For File Copy 822

  • Bill Analysis for HB-7083, as amended by House "A"

  • Fiscal Note For File Copy 319

  • Fiscal Note For File Copy 822

  • Fiscal Note for Amendment LCO 7500 (No Fiscal Impact)

  • Fiscal Note for HB-7083, As Amended by House "A" (LCO 7500)

  • House Roll Call Vote 57 AS AMENDED

  • House Schedule A LCO# 7500 (J)

  • Senate Roll Call Vote 264

  • Summary for Public Act No. 25-37

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