senate Bill S3756

2017-2018 Legislative Session

Relates to community reinvestment evaluation exemptions

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 20, 2018 referred to banks
delivered to assembly
passed senate
Jan 23, 2018 advanced to third reading
Jan 22, 2018 2nd report cal.
Jan 17, 2018 1st report cal.180
Jan 03, 2018 referred to banks
returned to senate
died in assembly
Mar 30, 2017 referred to banks
delivered to assembly
passed senate
Mar 06, 2017 advanced to third reading
Mar 02, 2017 2nd report cal.
Mar 01, 2017 1st report cal.294
Jan 26, 2017 referred to banks

Votes

view votes

Jan 17, 2018 - Banks committee Vote

S3756
14
3
committee
14
Aye
3
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Mar 1, 2017 - Banks committee Vote

S3756
17
2
committee
17
Aye
2
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S3756 - Details

Law Section:
Banking Law
Laws Affected:
Add §46, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S5297

S3756 - Summary

Relates to community reinvestment evaluation exemptions; a bank organization which has total assets of less than one billion dollars with a satisfactory or outstanding rating shall be exempt from community reinvestment evaluations by the department of financial services.

S3756 - Sponsor Memo

S3756 - Bill Text download pdf

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

                                  3756

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 26, 2017
                               ___________

Introduced  by  Sen.  SAVINO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law, in relation to  community  reinvestment
  evaluations

  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  46  to
read as follows:
  S  46.  COMMUNITY REINVESTMENT EVALUATION EXEMPTIONS.  NOTWITHSTANDING
ANY LAW, RULE OR REGULATION TO  THE  CONTRARY,  A  BANKING  ORGANIZATION
WHICH  HAS  TOTAL  ASSETS  OF  LESS  THAN  ONE BILLION DOLLARS AND WHICH
RECEIVED A RATING OF SATISFACTORY OR  OUTSTANDING  IN  THE  MOST  RECENT
COMMUNITY  REINVESTMENT ACT EXAMINATION CONDUCTED BY SUCH BANKING ORGAN-
IZATION'S PRIMARY FEDERAL REGULATOR SHALL BE EXEMPT FROM THE CONDUCT  BY
THE  DEPARTMENT OF FINANCIAL SERVICES OF A COMMUNITY REINVESTMENT EVALU-
ATION.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08455-01-7

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