Assembly Bill A7545

2017-2018 Legislative Session

Establishes a commission to study the feasibility of establishing a bank owned by the state of New York and report thereon within 2 years

download bill text pdf

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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

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2017-A7545 (ACTIVE) - Details

See Senate Version of this Bill:
S3172
Current Committee:
Assembly Banks
Law Section:
Banks
Versions Introduced in Other Legislative Sessions:
2011-2012: A6737
2013-2014: A1696, S7416
2015-2016: A6110, S3260
2019-2020: A6522, S2115
2021-2022: A6808

2017-A7545 (ACTIVE) - Summary

Establishes a commission to study the feasibility of establishing a bank owned by the state of New York or an authority constituted by the state of New York and report thereon.

2017-A7545 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7545
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 1, 2017
                                ___________
 
 Introduced  by  M.  of  A.  GALEF,  SKARTADOS, O'DONNELL, STECK, MOSLEY,
   ROSENTHAL, QUART -- Multi-Sponsored by -- M.  of  A.  BUCHWALD,  GOTT-
   FRIED, MAYER -- read once and referred to the Committee on Banks
 
 AN  ACT to establish a commission to study the feasibility of establish-
   ing a bank owned by the state of New York or  by  a  public  authority
   constituted  by the state of New York; and providing for the repeal of
   such provisions upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  A temporary state commission, to be known as the New York
 state commission on establishing a bank owned by New York state, herein-
 after referred to as the commission, is hereby established to study  the
 feasibility  of establishing a bank owned by the state of New York or by
 a public authority constituted by the state of New York.
   § 2. a. The  commission  shall  consist  of  fifteen  members,  to  be
 appointed as follows:
   (i)  six members shall be appointed by the governor, one of whom shall
 be a representative of the New York state banking department, one  shall
 be  a  representative from the New York state department of taxation and
 finance, the remaining four governor's appointees shall not be employees
 of the executive branch and at least  one  member  shall  represent  the
 banking and financial industries of the state including, but not limited
 to,  the  New York Bankers Association, at least one member shall repre-
 sent community banking, and no more than one member may be  a  represen-
 tative  of any financial services firm located within the state, includ-
 ing, but not limited to, the New York state small  business  development
 center;
   (ii)  one  member shall be the New York state comptroller or the comp-
 troller's designee;
   (iii) three members shall be appointed by the temporary  president  of
 the senate, one of whom shall be a member of the senate;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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