Senate Bill S3172

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

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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-S3172 (ACTIVE) - Details

See Assembly Version of this Bill:
A7545
Current Committee:
Assembly Banks
Law Section:
Banks
Versions Introduced in Other Legislative Sessions:
2011-2012: A6737
2013-2014: S7416, A1696
2015-2016: S3260, A6110
2019-2020: S2115, A6522
2021-2022: A6808

2017-S3172 (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-S3172 (ACTIVE) - Sponsor Memo

2017-S3172 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3172
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 20, 2017
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed 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.
                                                            LBD01404-01-7
              

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