AN ACT CONCERNING DISCLOSURES OF FINANCIAL RECORDS.

This bill updates the rules for when Connecticut financial institutions must share customer financial records with government officials. It specifically requires banks and similar institutions to provide records to the Commissioner of Social Services or their designated agents within twenty calendar days of receiving a formal request. The law also clarifies that failing to comply with these specific disclosure mandates will no longer be treated as a criminal misdemeanor. Additionally, the bill outlines other situations where financial records can be legally shared, such as in response to court orders or requests from tax authorities.