Friday, June 5, 2009

Update: CT Hedge Fund Bill Blocked

As reported by IDD Magazine, the Connecticut House of Representatives failed to adopt Bill 953 (An Act Concerning Hedge Funds) after running out of time before bringing the bill to a vote on Wednesday, June 3, 2009. It was reported that the legislature is expected to focus on the state budget in its upcoming session, therefore effectively ruling out a new vote on the bill this year. As previously reported, the bill was adopted by the Connecticut State Senate on May 26, 2009, but was subject to consideration by the Connecticut House of Representatives before coming into law.