The proposed bill, General Assembly Proposed Bill No. 6391, seeks to repeal the Trust Act by eliminating section 54-192h from the general statutes. This legislative action is introduced by Representative Dubitsky from the 47th District and has been referred to the Judiciary Committee for consideration.

The primary purpose of this bill is to remove the existing legal framework established by the Trust Act, which may have implications for how trusts are managed and regulated within the state. The repeal signifies a significant change in the legal landscape regarding trusts, potentially affecting individuals and entities that utilize such financial instruments.