Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 05, 2022 | referred to banks |
Jan 22, 2021 | referred to banks |
Current Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Co-Sponsors
Clyde Vanel
Michaelle C. Solages
David Weprin
A3273 (ACTIVE) - Details
A3273 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3273 2021-2022 Regular Sessions I N A S S E M B L Y January 22, 2021 ___________ Introduced by M. of A. KIM, VANEL, SOLAGES, WEPRIN -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to the creation of the office of financial services for new Americans 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 46 to read as follows: § 46. OFFICE OF FINANCIAL SERVICES FOR NEW AMERICANS. 1. THERE IS HEREBY ESTABLISHED WITHIN THE DEPARTMENT THE OFFICE OF FINANCIAL SERVICES FOR NEW AMERICANS. THE SUPERINTENDENT SHALL APPOINT THE CHIEF FINANCIAL ADVISOR FOR NEW AMERICANS WHO SHALL APPOINT STAFF AND PERFORM SUCH OTHER FUNCTIONS TO ENSURE THE EFFICIENT OPERATION OF THE OFFICE WITHIN THE AMOUNTS MADE AVAILABLE THEREFOR BY APPROPRIATION. 2. THE OFFICE OF FINANCIAL SERVICES FOR NEW AMERICANS SHALL HAVE THE POWER AND RESPONSIBILITY TO: (A) DEVELOP AND IMPLEMENT NEW PROGRAMS AND INITIATIVES FOR THE PURPOSE OF ASSISTING IMMIGRANT COMMUNITIES IN GAINING FINANCIAL KNOWLEDGE AND UNDERSTANDING. SUCH PROGRAMS AND INITIATIVES SHALL ASSIST IMMIGRANT COMMUNITIES IN: (I) GAINING FINANCIAL LITERACY; (II) NAVIGATING FINANCIAL INSTITUTIONS; (III) LEARNING HOW TO BORROW, LEND AND INVEST MONEY; AND (IV) LEARNING HOW TO BUILD CREDIT; (B) CONDUCT WORKSHOPS ON FINANCIAL TOPICS AND OFFER FINANCIAL ASSIST- ANCE AND GUIDANCE TO IMMIGRANT COMMUNITIES; AND (C) ADVOCATE ON BEHALF OF IMMIGRANTS IN DEALINGS WITH BANKS, FINANCIAL INSTITUTIONS AND CREDIT BUREAUS. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05979-01-1