Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 28, 2020 |
referred to insurance delivered to assembly passed senate |
Jan 15, 2020 |
advanced to third reading |
Jan 14, 2020 |
2nd report cal. |
Jan 13, 2020 |
1st report cal.73 |
Jan 08, 2020 |
referred to insurance |
Sep 18, 2019 |
referred to rules |
Senate Bill S6728
2019-2020 Legislative Session
Sponsored By
(D, WF) 46th Senate District
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
Actions
Votes
co-Sponsors
(D) Senate District
2019-S6728 (ACTIVE) - Details
- Current Committee:
- Assembly Insurance
- Law Section:
- Financial Services
- Versions Introduced in 2019-2020 Legislative Session:
-
S6728
2019-S6728 (ACTIVE) - Summary
Requires the department of financial services, in consultation with the department of taxation and finance, to conduct a study regarding insurance or other risk mitigation tools and third-party payroll service providers; provides that the superintendent of financial services shall submit a report to the governor, the temporary president of the senate and the speaker of the assembly of the department's findings, conclusions, and recommendations.
2019-S6728 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6728 SPONSOR: BRESLIN TITLE OF BILL: An act in relation to requiring the department of financial services, in consultation with the department of taxation and finance, to conduct a study regarding insurance or other risk mitigation tools and third-party payroll service providers PURPOSE: To require the department of financial services to conduct a study regarding third-party payroll service providers SUMMARY OF PROVISIONS: This bill requires the Superintendent of the Department of Financial Services, in consultation with the Commissioner of the Department of Taxation and Finance, to conduct a study in which the Superintendent will review the adequacy of employee protections and small business employer protections in the payroll services industry, The Superinten- dent shall make recommendations regarding the same. The bill requires
2019-S6728 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6728 2019-2020 Regular Sessions I N S E N A T E September 18, 2019 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT in relation to requiring the department of financial services, in consultation with the department of taxation and finance, to conduct a study regarding insurance or other risk mitigation tools and third- party payroll service providers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 1. The superintendent of financial services, in consulta- tion with the commissioner of taxation and finance, shall review the adequacy of employee protections and small business employer protections in the payroll services industry. The superintendent shall make recom- mendations regarding the same. Such review shall include but not be limited to: (a) the present state of employee protections in the payroll services industry; (b) the present state of small business employer protections in the payroll services industry; (c) the incidence of fraud or misappropriation of payroll funds in the payroll services industry; (d) the number of small businesses in New York that use payroll service providers; (e) the number and size of payroll service providers in New York; (f) specific causal or facilitative facts regarding instances of fraud or misappropriation by payroll service providers; (g) the feasibility and advisability of requiring payroll service providers to obtain insurance, post bonds, or utilize other risk manage- ment tools to address potential situations in which payroll monies owed to employees on behalf of businesses are stolen, misappropriated, or otherwise rendered unavailable after being transmitted from an employer to a payroll service provider or an affiliated entity; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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