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Under one of the bills approved (Raised Bill 6496), the Finance and Banking Development Commission would be established to advocate for changes in state policies and laws necessary for encouraging financial services companies and banks to relocate or organize in Connecticut. “Connecticut’s finance and banking industries are critical to the state’s long term economic strength and recovery,” Rep. Tong said. “These laws empower the state to go out beyond Connecticut to fight for these businesses and convince them to come to Connecticut and to stay.” The Connecticut Finance Center in lower Fairfield County also would be created under the legislation. The center would be a branch of the Connecticut Secretary of the State’s Office to encourage and assist financial institutions. Another bill (Raised Bill 6497) approved by Tong’s Banks Committee, An Act Creating Jobs By Enhancing Connecticut’s Corporate and Securities Laws, would continue the ongoing coordination of state law and regulation with the federal licensing and registration system for mortgage loan originators, mortgage processors and underwriters. “The governor challenged us to ask ourselves: What have you done to create a job today? The Banks Committee is answering that call. This bill will streamline and enhance our state’s corporate laws to attract companies to Connecticut that will create good-paying jobs here in our state,” Rep. Tong said. © Copyright by ConnecticutPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of ConnecticutPlus.com, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. CURRENT HEADLINES:
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