assembly Bill A9275

2021-2022 Legislative Session

Establishes the New York state cryptocurrency and blockchain study task force

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate & Assembly


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 03, 2022 returned to assembly
passed senate
Jun 02, 2022 3rd reading cal.929
substituted for s8343
Mar 28, 2022 referred to banks
delivered to senate
passed assembly
ordered to third reading rules cal.67
rules report cal.67
reported
reported referred to rules
Feb 15, 2022 reported referred to ways and means
Feb 09, 2022 referred to banks

Co-Sponsors

A9275 (ACTIVE) - Details

See Senate Version of this Bill:
S8343
Law Section:
Financial Services

A9275 (ACTIVE) - Summary

Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state.

A9275 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9275
 
                           I N  A S S E M B L Y
 
                             February 9, 2022
                                ___________
 
 Introduced  by M. of A. VANEL -- read once and referred to the Committee
   on Banks
 
 AN ACT in relation to establishing the New York state cryptocurrency and
   blockchain study task force; and providing  for  the  repeal  of  such
   provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Short title. This act shall be known and may  be  cited  as
 the "New York state cryptocurrency and blockchain study act".
   § 2. There is hereby established the New York state cryptocurrency and
 blockchain  study  task  force  (hereinafter  referred  to  as "the task
 force") to provide the governor and the legislature with information  on
 the effects of the widespread use of cryptocurrencies and other forms of
 digital currencies and their ancillary systems, including but not limit-
 ed to blockchain technology, in the state.
   § 3. 1. The task force shall consist of sixteen members as follows:
   a.  seven  members  appointed by the governor, which shall include the
 following five members:
   i. the superintendent of the department of financial services, or  his
 or her designee;
   ii.  the commissioner of the department of environmental conservation,
 or his or her designee;
   iii. a representative from the financial services industry;
   iv. a representative from a state or national  organization  promoting
 environmental conservation; and
   v.  a  representative who is a faculty member of an accredited college
 or university in New York state with experience in economic studies.
   b. the comptroller of the State of New York, or his or her designee.
   c. four members appointed by the temporary president  of  the  senate;
 and
   d. four members appointed by the speaker of the assembly.
   2.  To  the  extent  practicable,  members appointed to the task force
 shall have relevant experience  and  knowledge  concerning  the  digital
 currency, cryptocurrency and blockchain industries.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.