Raised Bill No. 271, introduced in the General Assembly, aims to establish a task force to study the feasibility and methods for implementing rent savings accounts in the state. The study will cover various aspects, including the design and operation of tax-advantaged rent savings accounts for tenants, the impact on the banking industry, tenants and landlords, employers, the state economy, and state revenue. The task force will consist of members appointed by various legislative leaders and will include representatives from the banking industry, housing advocacy groups, tenants, landlords, employers, the Commissioner of Housing, and the CEO of the Connecticut Housing Finance Authority. Members of the General Assembly may also be appointed to the task force.

The bill outlines the administrative details of the task force, including the appointment process, the selection of chairpersons, and the scheduling of meetings. The task force is required to submit a report on its findings and recommendations to the joint standing committee of the General Assembly related to housing by January 1, 2025. The task force will terminate upon submission of the report or on January 1, 2025, whichever is later. The bill is effective from passage and introduces a new section to the statutes. There are no deletions indicated in the bill.