New Laws Effective 7/1, A Successful 2025 Session for the Banking Committee

June 27, 2025

Dear Friends,

Happy Friday!

Several new laws that were passed during the 2025 legislative session take effect on Tuesday, July 1. Please see below to read about some of them!

Our two-year, $55.8 billion budget takes effect July 1. This bill reflects our shared values, marked by historic investments in children through expanded funding for special education and childcare. Our budget strengthens support for working families and ensures that the essential work of nonprofits is both valued and financially supported.

We approved billions of dollars to be used for school construction, transportation infrastructure, housing assistance, and many more local initiatives through our annual bond funding package.

Our students will soon learn about three essential topics in the classroom: civics, media literacy, and Asian American and Pacific Islander history. Under two bills passed in 2022 and 2023, students will gain an understanding of what it means to be an active and engaged citizen, how to analyze the modern media landscape, and the rich history of the AAPI community in our state and the entire country.

Our elections will soon be more secure and transparent as video recording technology will be added to every absentee ballot drop box in our state. This new law will record the drop boxes from the first day that ballots are issued up through when the clerk retrieves the final ballots, and all of these recordings will be made available to the public.

A novel, landmark bill supporting public libraries struggling to afford the skyrocketing costs of e-books and digital audiobooks will go into effect July 1. The bill bars libraries from entering into or renewing expensive contracts and licensing agreements with publishers. The measure positions Connecticut as a national leader in this arena and marks a significant step toward transparency, equity, and sustainability in how libraries acquire and provide digital resources to the public.

Many more bills are going into effect July 1, including one that reforms Connecticut's towing system, one that requires financial literacy instruction in school, and more.

You can click the link below for the full list of laws going into effect, and please don't hesitate to reach out if you have any questions.

New Laws July 1, 2025

As always, your calls, emails, and testimony at our public hearings directly influenced these new laws. Please continue to share your views and have your voice heard at the Capitol!

A Successful 2025 Session for the Banking Committee

The Banking Committee had a very successful legislative session working for the people of Connecticut. This year, our committee crafted bills that protect our consumers, provide assistance to our housing market, help state chartered banks and credit unions, and much more.

Please read below to learn about some of the Banking Committee bills that passed in the House and the Senate!

HB 6992 - The "Homes for CT" bill, which "garnered bipartisan support, and (was) endorsed by realtors and home builders," provides low-cost financing to homebuilders to incentivize the production of new affordable housing units for sale to low- to moderate-income homebuyers. The bill passed as part of HB 7288, our bonding bill.
HB 6876 - This bill establishes a first-time homebuyer savings account and a related tax deduction and credit, and was described as "a direct investment in businesses and the future of Connecticut." The bill passed as part of HB 5002, our housing bill.
HB 6990 - This bill combats the cryptocurrency fraud scam known as "pig butchering" by helping law enforcement recover assets for victims.
SB 1396 - CTNewsJunkie described this bill as "limiting the cost of taking out a small, short-term loan." Earned wage access loans, which are loans on wages you have earned but not yet been paid, are an emerging financial product, and I believe we now have the strongest legislation in the country on them.
HB 7082 - This bill adds new consumer protections and regulations for virtual currency use and storage, regulates minors' access to certain money sharing apps, and prohibits Connecticut from using or investing in virtual currency.
SB 1336 - This bill addresses "zombie mortgages," which are mortgages that are presumed to be discharged but "come back to life." Many of these mortgages originated in the 2008/2009 mortgage crisis, and now foreclosures are being initiated over 15 years later. This bill establishes a 10-year statute of limitation on the foreclosure of certain mortgages, protecting homeowners from being blindsided by a foreclosure notice and losing their homes.
HB 7083 - Through important updates and revisions, this bill "modernizes and strengthens the regulatory framework for state-chartered credit unions."
HB 6877 - This bill allows small- and medium-sized banks to make renovations costing more than $750,000 without obtaining approval from the Department of Banking, "cutting red tape and encouraging economic growth."

Results from the 2025 Constituent Survey

Thank you to everyone who took the time to complete my 2025 Constituent Survey. I truly appreciate hearing what matters most to you. Your input gives me valuable insight that helps guide my work at the Capitol as I advocate for the 13th District and our state.

Below, please find the results of our 2025 survey. We received a total of 364 responses, which is fantastic! I reviewed all of them carefully and they truly help to inform my perspective on the prevailing opinions of the residents of our district.

If you ever have any further questions, ideas, or concerns, please don’t hesitate to reach out. You can email me any time at Jason.Doucette@cga.ct.gov, or contact my legislative aide, Thomas Togneri, at (860) 240-0410 or Thomas.Togneri@cga.ct.gov.

As always, please feel free to email me at Jason.Doucette@cga.ct.gov or call my office at 860-240-8584.

Sincerely,

Jason Doucette

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State Representative

Jason Doucette

Proudly Serving Glastonbury, Manchester

New Laws Effective 7/1, A Successful 2025 Session for the Banking Committee