|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 16, 2016||referred to governmental operations|
delivered to assembly
|May 09, 2016||advanced to third reading|
|May 05, 2016||2nd report cal.|
|May 04, 2016||1st report cal.692|
|Jan 06, 2016||referred to finance|
|Sep 11, 2015||referred to rules|
senate Bill S6048
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6048 (ACTIVE) - Details
S6048 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6048 TITLE OF BILL: An act to amend the Iran divestment act of 2012, the state finance law, and chapter 481 of the laws of 2013 amending the insurance law relating to investments in foreign states sponsoring terrorism, in relation to the divestment of Iran; and to repeal certain provisions of the insurance law relating thereto PURPOSE OR GENERAL IDEA OF BILL: This bill would keep in place the previously enacted sanctions enacted by New York State against the financial and energy sectors of the Islamic Republic of Iran, a unless a duly executed treaty approved by two-thirds of the United States Senate abrogates the same in accordance with federal law. SUMMARY OF SPECIFIC PROVISIONS: This bill would: * Amend section 2 of chapter one of the laws of 2012 and section one of chapter 481 of the laws of 2013, to update the legislative findings and determinations of such sections to specify the state interest in preserving the previously enacted state sanctions involving the energy and investment sectors of the Islamic Republic of Iran; * Amend subdivision 1 of section 165-a of the state finance law, to conform definitions of "financial institution" and "multilateral development institution" with definitions appropriate for inclusion in state law.
S6048 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6048 2015-2016 Regular Sessions I N S E N A T E September 11, 2015 ___________ Introduced by Sens. CROCI, ORTT, FELDER, FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the Iran divestment act of 2012, the state finance law, and chapter 481 of the laws of 2013 amending the insurance law relat- ing to investments in foreign states sponsoring terrorism, in relation to the divestment of Iran; and to repeal certain provisions of the insurance law relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the New York state Iran divestment act. S 2. Section 2 of chapter 1 of the laws 2012 amending the state finance law and other laws enacting the Iran divestment act of 2012 is amended to read as follows: S 2. The legislature hereby finds and declares all of the following: [(a) Congress and the President have determined that the illicit nuclear activities of the Government of Iran, combined with its develop- ment of unconventional weapons and ballistic missiles, and its support of international terrorism, represent a serious threat to the security of the United States, Israel, and other United States allies in Europe, the Middle East, and around the world. (b) The International Atomic Energy Agency has repeatedly called attention to Iran's unlawful nuclear activities, and, as a result, the United Nations Security Council has adopted a range of sanctions designed to encourage the government of Iran to cease those activities and comply with its obligations under the Treaty on the Non-Prolifera- tion of Nuclear Weapons (commonly known as the "Nuclear Non-Prolifera- tion Treaty"). (c) On July 1, 2010, President Barack Obama signed into law H.R. 2194, the "Comprehensive Iran Sanctions, Accountability, and Divestment EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11938-02-5
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