senate Bill S3223

Signed By Governor
2019-2020 Legislative Session

Relates to assessment of the record of performance of banking institutions in helping to meet the credit needs of local communities

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A3235 - Signed by Governor

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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.


view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 13, 2019 signed chap.264
delivered to governor
Jun 18, 2019 returned to assembly
passed senate
3rd reading cal.898
substituted for s3223
Jun 18, 2019 substituted by a3235
Jun 03, 2019 advanced to third reading
May 30, 2019 2nd report cal.
May 29, 2019 1st report cal.898
Feb 04, 2019 referred to banks

S3223 (ACTIVE) - Details

See Assembly Version of this Bill:
Law Section:
Banking Law
Laws Affected:
Amd §28-b, Bank L
Versions Introduced in 2017-2018 Legislative Session:
S7964, A10567

S3223 (ACTIVE) - Summary

Relates to assessment of the record of performance of banking institutions in helping to meet the credit needs of local communities.

S3223 (ACTIVE) - Sponsor Memo

S3223 (ACTIVE) - Bill Text download pdf

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


                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 4, 2019

Introduced  by  Sen. SANDERS -- 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 assessment of the record
  of performance of banking institutions in helping to meet  the  credit
  needs of local communities


  Section 1. Subdivision 3 of  section  28-b  of  the  banking  law,  as
amended  by  chapter  315 of the laws of 2008, the opening paragraph and
paragraph 12 of paragraph (a) as amended by chapter 227 of the  laws  of
2013, is amended to read as follows:
  3.  (a)  When  taking any action on an application or notice made by a
banking institution under (i) section  one  hundred  five,  two  hundred
twenty-four,  two  hundred  forty,  or  three hundred ninety-six of this
chapter for a branch office, (ii) section one hundred ninety-one of this
chapter for a public accommodation office,  (iii)  section  six  hundred
one-b of this chapter for approval of a merger or purchase of assets, or
(iv)  under  section  one  hundred  five-a, two hundred forty-a or three
hundred ninety-six-a of this chapter for the use or installation  of  an
automated  teller  machine, point-of-sale terminal or similar electronic
facility or on any other application or notice to which the  superinten-
dent  of  financial services shall by rule or regulation make applicable
the provisions of this  section,  the  superintendent  shall  take  into
account,  among  other factors, an assessment, in writing, of the record
of performance of the banking institution in helping to meet the  credit
needs  of its entire community, including low and moderate-income neigh-
borhoods AND MINORITY- AND WOMEN-OWNED BUSINESSES, consistent with  safe
and  sound operation of the banking institution. Such assessment and any
written communications from the department of financial  services  to  a
banking  institution relating to such assessment shall be made available
to the public upon request, provided  that  nothing  contained  in  this

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


Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.