Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 13, 2020 | referred to banks delivered to assembly passed senate |
Feb 10, 2020 | advanced to third reading |
Feb 05, 2020 | 2nd report cal. |
Feb 04, 2020 | 1st report cal.338 |
Jan 08, 2020 | referred to banks returned to senate died in assembly |
Jun 11, 2019 | referred to banks delivered to assembly passed senate ordered to third reading cal.1255 committee discharged and committed to rules |
May 30, 2019 | print number 5433a |
May 30, 2019 | amend and recommit to banks |
May 01, 2019 | referred to banks |
senate Bill S5433A
Sponsored By
Brian A. Benjamin
(D) 0 Senate District
Archive: Last Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Votes
Bill Amendments
Co-Sponsors
Alessandra Biaggi
(D, WF) 0 Senate District
Robert Jackson
(D, WF) 31st Senate District
S5433 - Details
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §12, Bank L
S5433 - Sponsor Memo
BILL NUMBER: S5433 SPONSOR: BENJAMIN TITLE OF BILL: An act to amend the banking law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons PURPOSE: To prohibit New York State Chartered banks from financing private pris- ons SUMMARY OF PROVISIONS: Adds a new section 12 to the State Banking law to prohibit New York State chartered banking institutions from financing private prisons. EXISTING LAW: New York State had prohibited private prisons since 2007, but it does
S5433 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5433 2019-2020 Regular Sessions I N S E N A T E May 1, 2019 ___________ Introduced by Sen. BENJAMIN -- 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 prohibiting state char- tered banking institutions from investing in and providing financing for private prisons 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 12 to read as follows: § 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI- TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC- ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY INSTITUTION, COMPANY, OR SUBSIDIARY THAT OWNS OR CONTRACTS WITH A GOVERNMENT TO MANAGE OR RUN A PRISON. 2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, NO LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE OF THIS SECTION, ANY MONEYS OR ASSETS OF A STATE CHARTERED BANKING INSTITUTION WHICH SHALL REMAIN OR BE INVESTED IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY INSTITUTION, COMPANY, OR SUBSIDIARY OF A COMPANY THAT OWNS OR INVESTS IN A FOR-PROFIT INSTITUTION THAT OWNS OR CONTRACTS WITH A GOVERNMENT TO MANAGE OR RUN A PRISON SHALL BE WITHDRAWN. 3. FOR PURPOSES OF THIS SECTION "STATE CHARTERED BANKING INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN SUBDIVISION ONE OF SECTION TWELVE-A OF THIS ARTICLE. § 2. This act shall take effect immediately and shall apply to all contracts entered into, renewed, modified or amended on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11393-01-9
Co-Sponsors
Alessandra Biaggi
(D, WF) 0 Senate District
Robert Jackson
(D, WF) 31st Senate District
S5433A (ACTIVE) - Details
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §12, Bank L
S5433A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5433A SPONSOR: BENJAMIN TITLE OF BILL: An act to amend the banking law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons PURPOSE: To prohibit New York State Chartered banks from financing private pris- ons SUMMARY OF PROVISIONS: Adds a new section 12 to the State Banking law to prohibit New York State chartered banking institutions from financing private prisons. EXISTING LAW: New York State had prohibited private prisons since 2007, but it does not prohibit their financing.
S5433A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5433--A 2019-2020 Regular Sessions I N S E N A T E May 1, 2019 ___________ Introduced by Sens. BENJAMIN, BIAGGI, JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law, in relation to prohibiting state char- tered banking institutions from investing in and providing financing for private prisons 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 12 to read as follows: § 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI- TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC- ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY INSTITUTION, COMPANY, OR SUBSIDIARY THAT OWNS OR CONTRACTS WITH A GOVERNMENT TO MANAGE OR RUN A PRISON. 2. FOR PURPOSES OF THIS SECTION "STATE CHARTERED BANKING INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN SUBDIVISION ONE OF SECTION TWELVE-A OF THIS ARTICLE. § 2. This act shall take effect immediately and shall apply to all contracts entered into, renewed, modified or amended on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11393-02-9
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