|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Apr 18, 2012 |
referred to banks delivered to assembly passed senate |
| Mar 27, 2012 |
amended on third reading (t) 4210a |
| Mar 13, 2012 |
advanced to third reading |
| Mar 12, 2012 |
2nd report cal. |
| Mar 07, 2012 |
1st report cal.316 |
| Jan 04, 2012 |
referred to banks returned to senate died in assembly |
| Jun 17, 2011 |
referred to banks delivered to assembly passed senate |
| May 24, 2011 |
advanced to third reading |
| May 23, 2011 |
2nd report cal. |
| May 18, 2011 |
1st report cal.782 |
| Mar 23, 2011 |
referred to banks |
Senate Bill S4210
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2011-S4210 - Details
2011-S4210 - Sponsor Memo
BILL NUMBER:S4210
TITLE OF BILL:
An act
to amend the banking law, in relation to violations by unlicensed
cashers of checks and transmitters of money
PURPOSE:
To raise the criminal penalties for unlicensed money transmitter
activities in those situations where the person knows that the funds
involved are the proceeds of criminal conduct.
SUMMARY OF PROVISIONS:
This bill amends Section 650(2) of the Banking Law to separate the
current Class E felony penalties for the unlicensed transmission of
money into two categories: 1) the existing violation regarding the
unlicensed transmission of funds in excess of a specified threshold
would continue to be a Class E felony; and 2) the existing violation
regarding the unlicensed transmission of funds where the transmitter
knows that such funds are the proceeds of any criminal conduct would
be raised from a Class E felony to a Class D felony.
JUSTIFICATION:
This bill would increase the criminal penalties for the unlicensed
transmission of money in certain situations. The existing penalties
were set in 1990. Under that law, it is a Class A misdemeanor to
2011-S4210 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4210
2011-2012 Regular Sessions
I N S E N A T E
March 23, 2011
___________
Introduced by Sen. FARLEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks
AN ACT to amend the banking law, in relation to violations by unlicensed
cashers of checks and transmitters of money
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 650 of the banking law, as
amended by chapter 543 of the laws of 1990, is amended to read as
follows:
2. a. Any person who either (1) engages in the business of receiving
money for transmission or transmitting the same or (2) sells or issues
New York instruments or New York traveler's checks as those terms are
defined by section six hundred fifty-three of this chapter, without a
license therefor obtained from the superintendent as provided in this
article, shall be guilty of a [Class] CLASS A misdemeanor.
b. Any person who violates paragraph a of this subdivision and in the
course of that violation:
(1) knowingly receives or agrees to receive for transmission from one
or more individuals a total of ten thousand dollars or more in a single
transaction, a total of twenty-five thousand dollars or more during a
period of thirty days or less, or a total of two hundred fifty thousand
dollars or more during a period of one year or less; or
(2) knowingly sells or issues New York instruments or New York travel-
er's checks to one or more individuals totaling ten thousand dollars or
more in a single transaction, a total of twenty-five thousand dollars or
more during a period of thirty days or less, or a total of two hundred
fifty thousand dollars or more during a period of one year or less SHALL
BE GUILTY OF A CLASS E FELONY; [or
(3)] C. ANY PERSON WHO VIOLATES PARAGRAPH A OF THIS SUBDIVISION AND IN
THE COURSE OF THAT VIOLATION:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10442-01-1
2011-S4210A (ACTIVE) - Details
2011-S4210A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4210A
TITLE OF BILL:
An act
to amend the banking law, in relation to violations by unlicensed
transmitters of money
PURPOSE:
To raise the criminal penalties for unlicensed money transmitter
activities in those situations where the person knows that the
funds involved are the proceeds of criminal conduct
SUMMARY OF PROVISIONS:
This bill amends Section 650(2) of the Banking Law to separate the
current Class E felony penalties for the unlicensed transmission of
money into two categories: 1) the existing violation regarding the
unlicensed transmission of funds in excess of a specified threshold
would continue to be a Class E felony; and 2) the existing violation
regarding the unlicensed transmission of funds where the transmitter
knows that such funds are the proceeds of any criminal conduct would
be raised from a Class E felony to a Class D felony.
JUSTIFICATION:
This bill would increase the criminal penalties for the unlicensed
transmission of money in certain situations. The existing penalties
were set in 1990. Under that law, it is a Class A misdemeanor to
2011-S4210A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4210--A
Cal. No. 316
2011-2012 Regular Sessions
I N S E N A T E
March 23, 2011
___________
Introduced by Sen. FARLEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks -- recommitted to
the Committee on Banks in accordance with Senate Rule 6, sec. 8 --
reported favorably from said committee, ordered to first and second
report, ordered to a third reading, amended and ordered reprinted,
retaining its place in the order of third reading
AN ACT to amend the banking law, in relation to violations by unlicensed
transmitters of money
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 650 of the banking law, as
amended by chapter 543 of the laws of 1990, is amended to read as
follows:
2. a. Any person who either (1) engages in the business of receiving
money for transmission or transmitting the same or (2) sells or issues
New York instruments or New York traveler's checks as those terms are
defined by section six hundred fifty-three of this chapter, without a
license therefor obtained from the superintendent as provided in this
article, shall be guilty of a [Class] CLASS A misdemeanor.
b. Any person who violates paragraph a of this subdivision and in the
course of that violation:
(1) knowingly receives or agrees to receive for transmission from one
or more individuals a total of ten thousand dollars or more in a single
transaction, a total of twenty-five thousand dollars or more during a
period of thirty days or less, or a total of two hundred fifty thousand
dollars or more during a period of one year or less; or
(2) knowingly sells or issues New York instruments or New York travel-
er's checks to one or more individuals totaling ten thousand dollars or
more in a single transaction, a total of twenty-five thousand dollars or
more during a period of thirty days or less, or a total of two hundred
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10442-02-2
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