The proposed bill, General Assembly Proposed Bill No. 5023, aims to amend title 34 of the general statutes to reduce fees associated with small business filings with the Secretary of the State. This legislative initiative is designed to alleviate the financial burden on small businesses, making it more affordable for them to comply with filing requirements.

The bill does not specify the exact fee reductions or the current fees that will be altered, as it primarily focuses on the insertion of new legal language to implement these changes. The overarching goal is to support small businesses by lowering their operational costs related to state filings, thereby fostering a more conducive environment for their growth and sustainability.