House Bill No. 5502, also known as File No. 377, is a legislative proposal that mandates the Commissioner of Economic and Community Development to conduct a comprehensive study of the programs administered by the Department of Economic and Community Development (DECD). The study is to focus on the impact of these programs on commercial activity within the state. The bill requires the commissioner to submit a report detailing the findings of the study to the joint standing committee of the General Assembly that oversees commerce matters by January 1, 2025. This report must comply with the provisions of section 11-4a of the general statutes.

The bill, which is effective upon passage, introduces a new section (Section 1) to the statutes and does not include any deletions from current law. The fiscal impact statement attached to the bill indicates that there will be no state or municipal fiscal impact, as it is expected that the DECD will be able to conduct the study within its existing resources. The bill has been favorably reported by the Commerce Committee with a majority vote (21 Yea, 3 Nay) on March 21, 2024. The Office of Legislative Research does not analyze Special Acts, and therefore, no additional analysis is provided for this bill.