# Connecticut SB 01077: AN ACT AUTHORIZING THE BANKING COMMISSIONER TO GRANT CERTIFICATES TO ESTABLISH LIMITED PURPOSE TRUST COMPANIES.

Connecticut SB 01077, AN ACT AUTHORIZING THE BANKING COMMISSIONER TO GRANT CERTIFICATES TO ESTABLISH LIMITED PURPOSE TRUST COMPANIES., is a 2025 Regular Session Senate bill sponsored by Paul Honig (Democratic); status failed, last action 2025-01-22 (Referred to Joint Committee on Public Safety and Security) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/CT-SB01077-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Connecticut SB 01077
- State: Connecticut
- Session: 2025 Regular Session
- Title: AN ACT AUTHORIZING THE BANKING COMMISSIONER TO GRANT CERTIFICATES TO ESTABLISH LIMITED PURPOSE TRUST COMPANIES.
- Status: failed
- Chamber: Senate
- Introduced: 2025-01-22
- Last action: 2025-01-22, Referred to Joint Committee on Public Safety and Security
- Sponsor: Paul Honig (Democratic)
- Cosponsors: 0
- Subjects: public safety and security
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

To (1) allow for the establishment of limited purpose trust companies that conduct only trust and fiduciary business, and (2) exempt such companies from certain banking regulations.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Paul Honig (Democratic), Senate

## Actions (1)

- 2025-01-22: Referred to Joint Committee on Public Safety and Security (legislature)

## Bill text

- Proposed Bill, 2025-01-22: [PDF](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01077-R00-SB.PDF)

## Related bills

- HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST. (signed)
- SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF THE STATE. (signed)
- SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES. (signed)
- SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNPAID SEWER ASSESSMENTS AND OTHER FEES AND CHARGES. (signed)
- HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS. (signed)
- HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE. (signed)

## Sources
- [Proposed Bill (PDF)](https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01077-R00-SB.PDF)

## Related
- [HB 05013: AN ACT ADDING CERTAIN PLANTS TO THE INVASIVE PLANTS LIST.](https://policyrisk.com/state-bill/CT-HB05013-2025)
- [SB 01558: AN ACT CONCERNING INCOME TAXES IMPOSED BY OTHER JURISDICTIONS ON RESIDENTS OF T…](https://policyrisk.com/state-bill/CT-SB01558-2025)
- [SB 01396: AN ACT CONCERNING EARNED BUT UNPAID WAGE OR SALARY INCOME ADVANCES.](https://policyrisk.com/state-bill/CT-SB01396-2025)
- [SB 01187: AN ACT CONCERNING FORECLOSURE, ASSIGNMENT AND OTHER ENFORCEMENT ACTIONS FOR UNP…](https://policyrisk.com/state-bill/CT-SB01187-2025)
- [HB 07236: AN ACT CONCERNING HUMAN TRAFFICKING AND SEXUAL ASSAULT VICTIMS.](https://policyrisk.com/state-bill/CT-HB07236-2025)
- [HB 07192: AN ACT IMPLEMENTING RECOMMENDATIONS OF THE BIPARTISAN DRUG TASK FORCE.](https://policyrisk.com/state-bill/CT-HB07192-2025)
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Source: PRIA, https://policyrisk.com/state-bill/CT-SB01077-2025 (as of 2026-10-17).