Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 25, 2020 |
referred to ways and means delivered to assembly passed senate |
Feb 13, 2020 |
advanced to third reading |
Feb 12, 2020 |
2nd report cal. |
Feb 11, 2020 |
1st report cal.414 |
Jan 23, 2020 |
committee discharged and committed to internet and technology |
Jan 08, 2020 |
referred to commerce, economic development and small business returned to senate died in assembly |
Jun 17, 2019 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1436 committee discharged and committed to rules |
Jun 12, 2019 |
print number 6037a |
Jun 12, 2019 |
amend and recommit to commerce, economic development and small business |
May 16, 2019 |
referred to commerce, economic development and small business |
Senate Bill S6037A
2019-2020 Legislative Session
Sponsored By
(D, IP) 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
Bill Amendments
2019-S6037 - Details
2019-S6037 - Summary
Relates to the development and creation of distributed ledger technology, which is a mathematically secured, chronological, and decentralized consensus ledger or database, whether maintained via internet interaction, peer-to-peer network, or otherwise used to authenticate, record, share and synchronize transactions in their respective electronic ledgers or databases, and business entities that develop distributed ledger technology.
2019-S6037 - Sponsor Memo
BILL NUMBER: S6037 SPONSOR: SAVINO TITLE OF BILL: An act to amend the economic development law, in relation to the devel- opment and creation of distributed ledger technology and business enti- ties that develop such technology PURPOSE OR GENERAL IDEA OF BILL: This bill would incorporate digital ledger technology into the defi- nition and eligibility of businesses engaged in "financial services data centers or financial services customer back office operations" and "software development" in the Excelsior Jobs Program. SUMMARY OF PROVISIONS: This bill would amend the Economic Development Law to add "digital ledger technology" into the definitions of businesses engaged in "finan- cial services data centers or financial services customer back office
2019-S6037 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6037 2019-2020 Regular Sessions I N S E N A T E May 16, 2019 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Devel- opment and Small Business AN ACT to amend the economic development law, in relation to the devel- opment and creation of distributed ledger technology and business entities that develop such technology THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 8 and 23 of section 352 of the economic devel- opment law, as amended by section 1 of part K of chapter 59 of the laws of 2017, are amended to read as follows: 8. "Financial services data centers or financial services customer back office operations" means operations that manage the data or accounts of existing customers or provide product or service information and support to customers of financial services companies, including banks, other lenders, securities and commodities brokers and dealers, investment banks, portfolio managers, trust offices, [and] insurance companies, AND FINANCIAL TECHNOLOGY COMPANIES THAT DEVELOP DISTRIBUTED LEDGER TECHNOLOGY. FOR PURPOSES OF THIS SUBDIVISION "DISTRIBUTED LEDGER TECHNOLOGY" MEANS A MATHEMATICALLY SECURED, CHRONOLOGICAL, AND DECEN- TRALIZED CONSENSUS LEDGER OR DATABASE, WHETHER MAINTAINED VIA INTERNET INTERACTION, PEER-TO-PEER NETWORK, OR OTHERWISE USED TO AUTHENTICATE, RECORD, SHARE AND SYNCHRONIZE TRANSACTIONS IN THEIR RESPECTIVE ELECTRON- IC LEDGERS OR DATABASES. 23. "Software development" means the creation of DISTRIBUTED LEDGER TECHNOLOGY, coded computer instructions or production or post-production of video games, as defined in subdivision one-a of section six hundred eleven of the general business law, other than those embedded and used exclusively in advertising, promotional websites or microsites, and also includes new media as defined by the commissioner in regulations. FOR PURPOSES OF THIS SUBDIVISION "DISTRIBUTED LEDGER TECHNOLOGY" MEANS A EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D, IP, WF) Senate District
2019-S6037A (ACTIVE) - Details
2019-S6037A (ACTIVE) - Summary
Relates to the development and creation of distributed ledger technology, which is a mathematically secured, chronological, and decentralized consensus ledger or database, whether maintained via internet interaction, peer-to-peer network, or otherwise used to authenticate, record, share and synchronize transactions in their respective electronic ledgers or databases, and business entities that develop distributed ledger technology.
2019-S6037A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6037A SPONSOR: SAVINO TITLE OF BILL: An act to amend the economic development law, in relation to the development and creation of distributed ledger technolo- gy and business entities that develop such technology PURPOSE OR GENERAL IDEA OF BILL: This bill would incorporate digital ledger technology into the defi- nition and eligibility of businesses engaged in "financial services data centers or financial services customer back office operations" and "software development" in the Excelsior Jobs Program. SUMMARY OF PROVISIONS: This bill would amend the Economic Development Law to add "digital ledger technology" into the definitions of businesses engaged in "finan- cial services data centers or financial services customer back office operations" and "software development" with in the Excelsior Jobs Program. For the purposes of this section "distributed ledger technolo-
2019-S6037A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6037--A 2019-2020 Regular Sessions I N S E N A T E May 16, 2019 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Devel- opment and Small Business -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the economic development law, in relation to the devel- opment and creation of distributed ledger technology and business entities that develop such technology THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 8 and 23 of section 352 of the economic devel- opment law, as amended by section 1 of part K of chapter 59 of the laws of 2017, are amended to read as follows: 8. "Financial services data centers or financial services customer back office operations" means operations that manage the data or accounts of existing customers or provide product or service information and support to customers of financial services companies, including banks, other lenders, securities and commodities brokers and dealers, investment banks, portfolio managers, trust offices, [and] insurance companies, AND FINANCIAL TECHNOLOGY COMPANIES THAT DEVELOP DISTRIBUTED LEDGER TECHNOLOGY. FOR PURPOSES OF THIS SUBDIVISION "DISTRIBUTED LEDGER TECHNOLOGY" MEANS A MATHEMATICALLY SECURED, CHRONOLOGICAL, AND DECEN- TRALIZED CONSENSUS LEDGER OR DATABASE, WHETHER MAINTAINED VIA INTERNET INTERACTION, PEER-TO-PEER NETWORK, OR OTHERWISE USED TO AUTHENTICATE, RECORD, SHARE AND SYNCHRONIZE TRANSACTIONS IN THEIR RESPECTIVE ELECTRON- IC LEDGERS OR DATABASES. 23. "Software development" means the creation of DISTRIBUTED LEDGER TECHNOLOGY, coded computer instructions or production or post-production of video games, as defined in subdivision one-a of section six hundred eleven of the general business law, other than those embedded and used exclusively in advertising, promotional websites or microsites, and also includes new media as defined by the commissioner in regulations. FOR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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