SFNet Testifies During Hearing on Connecticut Financial Disclosure Bill

Connecticut has re-introduced legislation proposing commercial finance disclosures. CEO Rich Gumbrecht and co-general counsel Jon Helfat of Otterbourg testified in front of the Connecticut General Assembly Banking Committee on February 23. Connecticut originally proposed disclosure legislation last year. SFNet was instrumental in that bill not moving forward.  Of note: the new bill reduces the threshold to $250,000, down from $500,000. SFNet lobbied last year to have that figure reduced. Click here for the full hearing. SFNet testimony occurs at 2:35:38. SFNet’s written testimony can be read here.