AN ACT REQUIRING THE DEPARTMENT OF BANKING TO CONDUCT A STUDY RELATING TO SIGNATURE GUARANTEE PROGRAMS.

SB 301 requires Connecticut's Department of Banking to study signature guarantee programs at state financial institutions. The study must assess program availability and consumer access issues, specifically how easily people can obtain guarantees for transactions like stock transfers. The department must submit a report to the banking committee by January 1, 2027. This bill does not change existing rules but mandates a review to identify potential barriers for consumers.