A Connecticut bill that would have imposed transparency and licensing requirements on hedge funds failed to be signed into law Wednesday when the House of Representatives ran out of time to vote on the measure.

The legislature’s special sessions will be now focus on the state budget and, therefore, will not be able to address the measure. “We’ll have to bring it up again next year,” Ryan Barry, co-chairman of the joint banks committee and the main supporter of the bill, told Dow Jones.

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