Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 06, 2019 |
signed chap.590 |
Nov 26, 2019 |
delivered to governor |
Jun 19, 2019 |
returned to senate passed assembly ordered to third reading rules cal.96 substituted for a1772a |
Jun 13, 2019 |
referred to ways and means delivered to assembly passed senate |
Jun 04, 2019 |
amended on third reading 3227a |
May 14, 2019 |
advanced to third reading |
May 13, 2019 |
2nd report cal. |
May 08, 2019 |
1st report cal.649 |
Feb 04, 2019 |
referred to banks |
Senate Bill S3227A
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Bill Amendments
co-Sponsors
(D, WF) 21st Senate District
2019-S3227 - Details
2019-S3227 - Sponsor Memo
BILL NUMBER: S3227 REVISED 05/03/19 SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to assessment of the record of performance of banking institutions in help- ing to meet the credit needs of local communities PURPOSE OR GENERAL IDEA OF BILL: Under current law, the Department of Financial Services makes a periodic assessment of a bank's record in meeting the requirements of the Commu- nity Reinvestment Act (CRA). This legislation requires the assessment to also include a separate explanation of the record of the bank pertaining to each of the twelve individual assessment factors listed under the CRA, with a separate discussion of how well the bank satisfied each factor. The discussion relates to loans the bank has made in its commu- nity and the scope of its efforts to market small business loans in low and moderate income areas. The explanation is to be made available to the public. SUMMARY OF SPECIFIC PROVISIONS:
2019-S3227 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3227 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 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph (a) of subdivision 3 of section 28-b of the banking law, as amended by chapter 227 of the laws of 2013, is amended to read as follows: 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 nine- ty-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 superintendent of finan- cial 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 neighborhoods, consistent with safe and sound operation of the banking institution. SUCH ASSESS- MENT SHALL INCLUDE A SEPARATE DISCUSSION OF THE RECORD OF THE BANKING INSTITUTION PERTAINING TO EACH OF THE ASSESSMENT FACTORS LISTED IN ALL OF THE SUBPARAGRAPHS OF THIS PARAGRAPH AND A COMPLETE EXPLANATION OF HOW EACH OF THESE FACTORS WAS CONSIDERED BY THE DEPARTMENT IN MAKING THE ASSESSMENT. THIS EXPLANATION SHALL INCLUDE, BUT NOT BE LIMITED TO, ANNU- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 16th Senate District
(D, WF) 21st Senate District
2019-S3227A (ACTIVE) - Details
2019-S3227A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3227A SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to assessment of the record of performance of banking institutions in help- ing to meet the credit needs of local communities PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to garner better information when the Bank- ing Department makes a periodic assessment of a bank's record in meeting the requirements of the Community Reinvestment Act (CRA). SUMMARY OF PROVISIONS: This bill amends section 28-b(3) (a) of the banking law to require a bank's CRA evaluation to include a written discussion of their perform- ance record on each of the 12 assessment factors listed in the Community Reinvestment Act.
2019-S3227A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3227--A Cal. No. 649 2019-2020 Regular Sessions I N S E N A T E February 4, 2019 ___________ Introduced by Sens. SANDERS, PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading 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 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph (a) of subdivision 3 of section 28-b of the banking law, as amended by chapter 227 of the laws of 2013, is amended to read as follows: 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 nine- ty-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 superintendent of finan- cial 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 neighborhoods, consistent with safe and sound operation of the banking institution. Such assess- ment and any written communications from the department of financial services to a banking institution relating to such assessment shall be EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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