Connecticut SB 303: AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE TASK FORCE REGARDING THE PREVENTION AND TREATMENT OF MENTAL ILLNESS AT INSTITUTIONS OF HIGHER EDUCATION.

Bill Text

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General Assembly Raised Bill No. 303
February Session, 2026 LCO No. 2107

Referred to Committee on BANKING

Introduced by:
(BA)

AN ACT CONCERNING SECURED CREDIT CARDS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective October 1, 2026) (a) For purposes of this 1
section: 2
(1) "Connecticut bank" has the same meaning as provided in section 3
36a‑2 of the general statutes; 4
(2) "Connecticut credit union" has the same meaning as provided in 5
section 36a‑2 of the general statutes; 6
(3) "Secured credit card" means a credit card account for which a 7
customer or member provides funds to a Connecticut bank or 8
Connecticut credit union as security for credit extended on such 9
account; and 10
(4) "Credit rating agency" has the same meaning as provided in 11
section 36a-695 of the general statutes. 12
(b) Each Connecticut bank and Connecticut credit union shall make 13

Raised Bill No. 303

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available to its customers or members a secured credit card. 14
(c) Each Connecticut bank or Connecticut credit union that issues a 15
secured credit card shall make account information for such secured 16
credit card available to (1) the account holder, and (2) any third party 17
authorized by the account holder to receive such account information 18
for the purpose of furnishing or reporting such information to a credit 19
rating agency. 20
This act shall take effect as follows and shall amend the following
sections:

Section 1 October 1, 2026 New section

BA Joint Favorable