The proposed legislation, General Assembly Raised Bill No. 6962, aims to establish a task force dedicated to studying the effects of large corporate entities acquiring residential real property in Connecticut. The task force will investigate the implications of these acquisitions on housing affordability, rental prices, and homeownership opportunities within the state. Additionally, it will explore potential policies to limit the number of properties acquired by such entities or to regulate these acquisitions more effectively.

The task force will consist of various members appointed by legislative leaders, including representatives from both the House and Senate, as well as the Commissioner of Housing or their designee. Initial appointments must be made within thirty days of the bill's passage, and the task force is required to submit a report with findings and recommendations by January 1, 2026. The task force will dissolve upon submitting this report or on January 1, 2026, whichever occurs later. The bill introduces new legal language to establish this task force and its functions, while no deletions from current law are specified.