assembly Bill A8783B

Signed By Governor
2017-2018 Legislative Session

Relates to the creation of the digital currency task force

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Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (26)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 21, 2018 approval memo.14
signed chap.456
Dec 11, 2018 delivered to governor
Jun 19, 2018 returned to assembly
passed senate
3rd reading cal.2020
substituted for s9013
Jun 18, 2018 recommitted to rules
returned to senate
repassed assembly
Jun 14, 2018 amended on third reading 8783b
Jun 14, 2018 vote reconsidered - restored to third reading
returned to assembly
recalled from senate
Jun 11, 2018 referred to rules
delivered to senate
passed assembly
Jun 07, 2018 ordered to third reading rules cal.50
rules report cal.50
Jun 06, 2018 reported
Jun 05, 2018 reported referred to rules
May 30, 2018 reported referred to ways and means
May 07, 2018 print number 8783a
May 07, 2018 amend (t) and recommit to banks
Jan 03, 2018 referred to banks
Nov 27, 2017 referred to banks

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A8783 (ACTIVE) - Details

See Senate Version of this Bill:
S9013
Law Section:
Financial Services

A8783 (ACTIVE) - Summary

Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.

A8783 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8783

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            November 27, 2017
                               ___________

Introduced  by M. of A. VANEL -- read once and referred to the Committee
  on Banks

AN ACT to establish the digital currency task force

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The department of financial services is hereby authorized
to establish the New York state digital currency task force  to  provide
the  governor  and  the  legislature  with  information on the potential
effects of the widespread implementation of digital currencies on finan-
cial markets in the state.
  § 2. The task force shall be comprised of:
  a. two members appointed by the governor;
  b. two members appointed by the temporary president of the senate;
  c. two members appointed by the speaker of the assembly;
  d. one member appointed by the minority leader of the senate;
  e. one member appointed by the minority leader of the assembly; and
  f. two members appointed by the superintendent of  the  department  of
financial services.
  § 3. The task force shall:
  a. examine and evaluate digital currencies within the state;
  b.  identify the potential effects of the widespread implementation of
digital currencies on financial markets;
  c. review the impact of the department's BitLicense program on the use
of digital currencies; and
  d. make recommendations to further utilize digital  currencies  within
the state.
  § 4. Such task force shall collaborate with state and city of New York
agencies  including,  but not limited to, the department of taxation and
finance and the department of finance of the city of New York.
  § 5. The department of financial services shall submit a report, on or
before January 1, 2019, to the governor and the legislature of its find-
ings, conclusions and recommendations, and  legislative  and  regulatory
proposals deemed necessary to implement such recommendations.
  § 6. This act shall take effect immediately.

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A8783A (ACTIVE) - Details

See Senate Version of this Bill:
S9013
Law Section:
Financial Services

A8783A (ACTIVE) - Summary

Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.

A8783A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 8783--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            November 27, 2017
                               ___________

Introduced  by  M.  of  A.  VANEL, KIM, LENTOL, WOERNER, SIMON, LUPARDO,
  TITONE, RAIA, MONTESANO, RA, AUBRY,  GALEF,  WRIGHT,  MOSLEY,  BARRON,
  SKOUFIS,  PICHARDO, BLAKE, RIVERA, NIOU -- Multi-Sponsored by -- M. of
  A. ABINANTI, DE LA ROSA, DenDEKKER, GIGLIO -- read once  and  referred
  to  the Committee on Banks -- recommitted to the Committee on Banks in
  accordance with Assembly Rule 3, sec. 2 -- committee discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to establish the digital currency task force; 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. The legislature  hereby  establishes  the  New  York  state
digital  currency  task  force  (referred  to  hereinafter  as the "task
force") to provide the governor and the legislature with information  on
the effects of the widespread use of cryptocurrencies and other forms of
digital currencies and their ancillary systems in the state.
  § 2. 1. The task force shall consist of nine members as follows:
  a. three members appointed by the governor;
  b. two members appointed by the temporary president of the senate;
  c. two members appointed by the speaker of the assembly;
  d. one member appointed by the minority leader of the senate; and
  e. one member appointed by the minority leader of the assembly.
  2.  The  members  of  the task force shall receive no compensation for
their services, but shall be allowed their actual and necessary expenses
incurred in the performance of their duties pursuant to this act.
  3. Any vacancies in the membership of the task force shall  be  filled
in the same manner provided for in the initial appointment.
  4.  The task force may consult with any organization, government enti-
ty, or person, in the development of its report required  under  section
three of this act.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A8783B (ACTIVE) - Details

See Senate Version of this Bill:
S9013
Law Section:
Financial Services

A8783B (ACTIVE) - Summary

Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.

A8783B (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 8783--B
                                                            R. R. 50

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            November 27, 2017
                               ___________

Introduced  by  M.  of  A.  VANEL, KIM, LENTOL, WOERNER, SIMON, LUPARDO,
  TITONE, RAIA, MONTESANO, RA, AUBRY,  GALEF,  WRIGHT,  MOSLEY,  BARRON,
  SKOUFIS,  PICHARDO,  BLAKE,  RIVERA, NIOU, WEPRIN, OTIS -- Multi-Spon-
  sored by -- M. of A.  ABINANTI, DE LA ROSA, DenDEKKER, GIGLIO --  read
  once  and  referred  to  the  Committee on Banks -- recommitted to the
  Committee on Banks in accordance with  Assembly  Rule  3,  sec.  2  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee -- reported and referred to the  Commit-
  tee  on  Ways  and  Means -- reported and referred to the Committee on
  Rules -- ordered to a third reading, passed by Assembly and  delivered
  to  the  Senate,  recalled  from  the  Senate, vote reconsidered, bill
  amended, ordered reprinted, retaining its place on the  special  order
  of third reading

AN  ACT  to establish the digital currency task force; 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.  The  legislature  hereby  establishes  the New York state
digital currency task  force  (referred  to  hereinafter  as  the  "task
force")  to provide the governor and the legislature with information on
the effects of the widespread use of cryptocurrencies and other forms of
digital currencies and their ancillary systems in the state.
  § 2. 1. The task force shall consist of nine members as follows:
  a. three members appointed by the governor;
  b. two members appointed by the temporary president of the senate;
  c. two members appointed by the speaker of the assembly;
  d. one member appointed by the minority leader of the senate; and
  e. one member appointed by the minority leader of the assembly.
  2. The members of the task force shall  receive  no  compensation  for
their services, but shall be allowed their actual and necessary expenses
incurred in the performance of their duties pursuant to this act.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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