S T A T E O F N E W Y O R K
________________________________________________________________________
6841
2017-2018 Regular Sessions
I N A S S E M B L Y
March 22, 2017
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Introduced by M. of A. CRESPO -- Multi-Sponsored by -- M. of A. RAMOS --
read once and referred to the Committee on Banks
AN ACT to amend the banking law, in relation to requiring banking insti-
tutions to accept as valid forms of identification the identification
issued by the consulate general of the foreign national which has been
approved for use by the New York state department of financial
services as a valid form of identification for all banking trans-
actions
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The banking law is amended by adding a new section 9-x to
read as follows:
§ 9-X. IDENTIFICATION AS A VALID FORM OF IDENTIFICATION. 1. EVERY
BANKING INSTITUTION SHALL ACCEPT AS A VALID FORM OF IDENTIFICATION FOR
ALL BANKING TRANSACTIONS THE IDENTIFICATION ISSUED BY THE CONSULATE
GENERAL OF THE FOREIGN NATIONAL WHICH HAS BEEN APPROVED FOR USE BY THE
NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES.
2. FOR THE PURPOSES OF THIS SECTION, THE TERM "BANKING INSTITUTION"
SHALL MEAN AND INCLUDE ALL BANKS, TRUST COMPANIES, SAVINGS BANKS,
SAVINGS AND LOAN ASSOCIATIONS, LICENSED FOREIGN BANKS AND CREDIT UNIONS.
3. THE DEPARTMENT SHALL REVIEW THE LEGITIMACY OF IDENTIFICATION CARDS
ISSUED BY FOREIGN GOVERNMENTS TO THEIR NATIONALS LIVING IN THE STATE AND
RECOMMEND WHICH ONES, IF ANY, SHOULD BE ACCEPTED BY BANKING INSTITUTIONS
IN THE STATE AS PROOF OF IDENTIFICATION BY THE IDENTIFICATION HOLDER
FOR THE PURPOSE OF ENGAGING IN BANKING SERVICES.
4. THE DEPARTMENT SHALL RECOMMEND:
(A) OTHER REQUIRED FORMS OF IDENTIFICATION BY FOREIGN NATIONALS LIVING
IN THE STATE, IF ANY, TO SUPPLEMENT VERIFICATION NEEDED BY BANKING
SERVICES IN ORDER TO MEET STANDING RULES, REGULATIONS, OR LAWS WITH
REGARDS TO ACCESSING BANKING SERVICES;
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07210-02-7
A. 6841 2
(B) ANY LEGISLATIVE MEASURES NECESSARY TO FACILITATE ACCESS TO BANKING
SERVICES BY FOREIGN NATIONALS WHO ARE CURRENTLY CONSIDERED UNDOCUMENTED
IMMIGRANTS;
(C) ANY MEASURES, IN THE FORM OF RULES, REGULATIONS OR LEGISLATION,
NECESSARY TO ENSURE THAT UNDOCUMENTED IMMIGRANTS WHO CAN PROVIDE PROOF
THAT THEY HAVE APPLIED FOR THE NEW FEDERAL IMMIGRANT STATUS CLASSIFIED
AS REGISTERED PROVISIONAL IMMIGRANT, HEREINAFTER "RPI", HAVE ACCESS TO
BANKING SERVICES WHILE SUCH PERSONS WAIT FOR OFFICIAL FEDERAL IDENTIFI-
CATION; AND
(D) A TIMEFRAME FOR REQUIRING BANKING SERVICES TO ACCEPT THE FOREIGN
IDENTIFICATION AND TEMPORARY PROOF OF APPLYING FOR RPI TO ACCESS BANKING
SERVICES AND WHETHER THE FOREIGN ISSUED IDENTIFICATION SHALL BE PART OF
THE TEMPORARY IDENTIFICATION REQUIREMENTS THAT CAN BE REQUESTED BY A
BANKING INSTITUTION.
§ 2. This act shall take effect immediately.