Connecticut legislation · 2026 General Assembly
Connecticut HB5211: AN ACT CONCERNING COMMERCIAL FINANCING.
Status: Passed one chamber, April 27, 2026
What the bill says
An act concerning commercial financing. assembly convened.
From the introduced text:
AN ACT CONCERNING COMMERCIAL FINANCING. Assembly convened: Section 1. Section 36a-861 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2026): As used in this section and sections 36a-862 to 36a-872, inclusive: (1) "Commercial financing" means any extension of sales-based financing by a provider, [in an amount not exceeding two hundred fifty thousand dollars,] the proceeds of which the recipient does not intend to use primarily for personal, family or household purposes; (2) "Commercial financing broker" means a person, other than a financer, who, for compensation or the expectation of compensation, offers, or offers to obtain, commercial financing for a recipient from a provider that is not exempt; (3) "Finance charge" means the cost of financing expressed as a dollar amount, including (A) any charge payable directly or indirectly by the recipient and imposed directly or indirectly by the provider as an LCO No. 1580 1 of Raised Bill No. 5211 incident to, or a condition of, the extension of financing, and (B) all charges that would be included under the definition of "finance charge" in 12 CFR 1026.4, as amended from time to time, as if the transaction were subject to said section; (4) "Financer" means a person who provides, or will provide, commercial financing to a recipient; (5) "Person" means …
Sponsors
- David Rutigliano (R, 123) · primary sponsor
- Jonathan Jacobson (D, 148)
- Tom O'Dea (R, 125)
- Mitch Bolinsky (R, 106)
- Patrick Callahan (R, 108)
- Michael Quinn (D, 82)
- Nicholas Menapace (D, 37)
- Savet Constantine (D, 42)
- Michael DiGiovancarlo (D, 74)
- Gary Turco (D, 27)
- Eilish Collins Main (D, 146)
- William Heffernan (D, 115)
Latest actions
- : Matter Pass Retained
- : Senate Adopted House Amendment Schedule A
- : File Number 729
- : Senate Calendar Number 466
- : Favorable Report, Tabled for the Calendar, Senate
- : Immediate Transmittal to the Senate
- : House Passed as Amended by House Amendment Schedule A
- : House Rejected House Amendment Schedule B 4850
- : House Adopted House Amendment Schedule A 4149
- : Tabled for the Calendar, House
Votes
- House Roll Call 117 (April 27, 2026): 143 yea, 5 nay, passed
- House Roll Call 116 (April 27, 2026): 31 yea, 116 nay, failed
- JUD Vote Tally Sheet (Joint Favorable) (April 10, 2026): 35 yea, 5 nay, passed
- BA Vote Tally Sheet (Joint Favorable Substitute) (March 10, 2026): 9 yea, 4 nay, passed
Subjects: Violations, Commercial transactions, Contracts
Common questions
- What is HB5211?
- HB5211 is a bill in the Connecticut Legislature (2026 General Assembly): AN ACT CONCERNING COMMERCIAL FINANCING.
- What does HB5211 do?
- In its own words: An act concerning commercial financing. assembly convened.
- What is the status of HB5211?
- Passed one chamber as of April 27, 2026. Latest action: Matter Pass Retained (May 6, 2026).
- Who sponsored HB5211?
- David Rutigliano (R, 123), with 11 co-sponsors.
- Where is the official record for HB5211?
- On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05211&which_year=2026
Source: official Connecticut record. Tracked by Delilah, AI for legislation across all 50 states and Congress.