House Bill No. 5502, reported by the Commerce Committee, proposes that the Commissioner of Economic and Community Development conduct a study of the programs administered by the Department of Economic and Community Development (DECD). The study is to include an analysis of the impact of these programs on commercial activity within the state. The bill requires the commissioner to submit a report on the findings of this study to the joint standing committee of the General Assembly that oversees commerce matters by January 1, 2025. This bill has been assigned File No. 377 and is effective from passage.

The bill does not have any fiscal impact as it is expected that the DECD can conduct the study using existing resources. The bill does not specify any particular requirements for the study beyond the analysis of the effect of DECD programs on commercial activity. The Office of Fiscal Analysis notes that there will be no state or municipal impact in the current or out years. The Office of Legislative Research does not analyze Special Acts, and the Commerce Committee has given a Joint Favorable report with a majority of yea votes.