State lawmakers in Connecticut are considering bills aimed at increasing scrutiny of hedge funds as regulators try to enforce stricter controls in the industry in the wake of several high-profile collapses.

Republican state representative John Stripp has introduced a bill that would require hedge funds that receive more than $10m (€7.7m) from a pension fund to report the investment to the state banking commissioner within 30 days. The disclosure would include the name of the pension fund, the beneficiary organization and the address of the fund manager.