|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Aug 10, 2022||signed chap.493|
|Aug 09, 2022||delivered to governor|
|May 24, 2022||returned to senate|
ordered to third reading rules cal.343
substituted for a9338
|May 18, 2022||referred to ways and means|
delivered to assembly
|May 03, 2022||advanced to third reading|
|May 02, 2022||2nd report cal.|
|Apr 27, 2022||1st report cal.928|
|Feb 11, 2022||referred to banks|
senate Bill S8318Signed By Governor
Current Bill Status - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S8318 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Law Section:
- Banking Law
- Laws Affected:
- Add §18-b, Bank L
S8318 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8318 SPONSOR: MYRIE TITLE OF BILL: An act to amend the banking law, in relation to waivers for wire trans- fer or processing fees associated with Holocaust reparations payments PURPOSE: To ensure the Department of Financial. Services keeps an updated list of financial institutions that voluntarily waive wire transfer fees and other processing fees for Holocaust reparation payments. SUMMARY OF PROVISIONS: Section 1 of this bill amends the banking law to require the Department of Financial Services to publish a list of banks, which waive fees for Holocaust reparation payments. Section 2 of this bill sets forth the effective date.
S8318 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8318 I N S E N A T E February 11, 2022 ___________ Introduced by Sen. MYRIE -- 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 waivers for wire trans- fer or processing fees associated with Holocaust reparations payments 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 18-b to read as follows: § 18-B. HOLOCAUST REPARATIONS PAYMENT FEES. 1. FOR THE PURPOSES OF THIS SECTION, "VICTIMS OR TARGETS OF NAZI PERSECUTION" MEANS ANY INDI- VIDUAL, CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP, UNINCORPORATED ASSOCIATION, COMMUNITY, CONGREGATION, GROUP, ORGANIZATION, OR OTHER ENTITY PERSECUTED OR TARGETED FOR PERSECUTION BY THE NAZI REGIME BECAUSE OF RACE, RELIGION, ETHNICITY, SEXUAL ORIENTATION, NATIONAL ORIGIN, OR PHYSICAL OR MENTAL DISABILITY OR HANDICAP, OR THE HEIRS, SUCCESSORS, ADMINISTRATORS, EXECUTORS, AFFILIATES, OR ASSIGNEES OF SUCH VICTIMS OR TARGETS, OR ANY OTHER CLAIMANT RECEIVING FUNDS FROM AN ELIGIBLE SETTLE- MENT FUND, OR FROM AN ELIGIBLE GRANTOR TRUST ESTABLISHED FOR THE BENEFIT OF SUCH VICTIMS OR TARGETS. AN ELIGIBLE SETTLEMENT FUND IS AN ENTITY THAT IS TREATED FOR FEDERAL INCOME TAX PURPOSES AS A DESIGNATED OR QUAL- IFIED SETTLEMENT FUND, AS SUCH TERM IS DEFINED IN SECTION 468B OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER, WHICH IS ESTAB- LISHED FOR THE PRINCIPAL PURPOSE OF RESOLVING AND SATISFYING CLAIMS ARISING FROM OR IN CONNECTION WITH ANY ACT OR OMISSION IN ANY WAY RELAT- ING TO THE HOLOCAUST, WORLD WAR II AND ITS PRELUDE AND AFTERMATH, VICTIMS OR TARGETS OF NAZI PERSECUTION, TRANSACTIONS WITH OR ACTIONS OF THE NAZI REGIME, OR TREATMENT OF REFUGEES FLEEING NAZI PERSECUTION BY OR IN THE SWISS CONFEDERATION. AN ELIGIBLE GRANTOR TRUST IS A GRANTOR TRUST WHICH IS ESTABLISHED FOR THE PRINCIPAL PURPOSE OF RESOLVING AND SATISFY- ING SUCH CLAIMS. 2. THE SUPERINTENDENT SHALL MAINTAIN AND ANNUALLY UPDATE A LIST OF BANKS AND OTHER FINANCIAL INSTITUTIONS DOING BUSINESS IN THE STATE THAT VOLUNTARILY WAIVE WIRE TRANSFER FEES AND OTHER PROCESSING FEES IMPOSED FOR AUTOMATED DEPOSITS OR TRANSFERS OF AMOUNTS RECEIVED (INCLUDING ACCU- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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