senate Bill S9013

Signed By Governor
2017-2018 Legislative Session

Relates to the creation of the digital currency task force

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A8783 - Signed by Governor

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

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view actions (10)
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 19, 2018 substituted by a8783b
ordered to third reading cal.2020
Jun 13, 2018 referred to rules

S9013 (ACTIVE) - Details

See Assembly Version of this Bill:
Law Section:
Financial Services

S9013 (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.

S9013 (ACTIVE) - Sponsor Memo

S9013 (ACTIVE) - Bill Text download pdf

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


                            I N  S E N A T E

                              June 13, 2018

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

AN ACT to establish the digital currency task force; and  providing  for
  the repeal of such provisions upon expiration thereof


  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.
  §  3.  On  or before December 15, 2020, the task force shall submit to
the governor, the temporary president of the senate and the  speaker  of
the  assembly  a  report  containing,  but not limited to, the following
information based on available data:
  a. a review of the digital  currency,  cryptocurrency  and  blockchain
industries in New York state;
  b.  the  number of digital currencies currently being traded and their
approximate percentage of market share;

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


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