HARTFORD, CT - This week State Senator Carlo Leone (D-Stamford), Senate Chairman of both the General Assembly’s Veterans Affairs and Banks Committees, lead each panel to pass multiple pieces of legislation before their respective bill deadlines.
“This year it was my privilege to take on the challenge of leading not one but two legislative committees. I am proud of the work we have done, both to protect the interests of consumers in the banking market, and on behalf of the veterans who have served and sacrificed for our country. In both committees, I was greatly aided by able co-chairs and a unique spirit of bipartisanship that is not so common in other areas of government,” said Senator Leone.
Highlights of the Banks Committee’s work include legislation to protect homeowners facing foreclosure and a bill to promote more widespread personal savings by allowing banks to offer savings promotion raffles.
“No one wants to see a family lose their home, and the state’s foreclosure mediation program has had great success helping many people to get back on their feet. This year’s bill will improve that program by helping both homeowners and banks get to a ‘yes’ or ‘no’ more quickly on mortgage assistance, and ensuring banks act in good faith,” said Senator Leone.
He continued, “When it comes to personal finances, saving money for the future is an essential skill. To encourage low-income families and others to save more, we have passed a bill that will allow Connecticut banks and credit unions, at their option, to set up raffle drawings for customers who have made a minimum savings deposit.”
A highlight of the Veterans’ Committee’s work includes a bill that would require every Connecticut town to designate at least one employee to serve as a veterans’ service contact person for the town’s residents. The Department of Veterans’ Affairs would hold training sessions annually to help these employees help their local veterans.
Senator Leone said, “Our state and federal governments provide many excellent programs and services for veterans, but not all who are eligible are aware these opportunities exist. By placing a veterans’ contact person in every town, we can ensure that every Connecticut veteran has a local resource to turn to.”