Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 10, 2021 |
ordered to third reading rules cal.808 substituted for a7112 |
Jan 05, 2022 |
ordered to third reading cal.231 |
Jun 10, 2021 |
substituted by s1015 rules report cal.808 reported |
May 25, 2021 |
reported referred to rules |
May 19, 2021 |
reported referred to codes |
Apr 22, 2021 |
referred to banks |
Assembly Bill A7112
2021-2022 Legislative Session
Sponsored By
REYES
Archive: Last Bill Status Via S1015 - On Floor Calendar
- 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
co-Sponsors
Robert J. Rodriguez
Khaleel Anderson
Jose Rivera
Emily Gallagher
2021-A7112 (ACTIVE) - Details
2021-A7112 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7112 2021-2022 Regular Sessions I N A S S E M B L Y April 22, 2021 ___________ Introduced by M. of A. REYES -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to prohibiting state char- tered banking institutions from investing in and providing financing for private prisons 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 12 to read as follows: § 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI- TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC- ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY ENTITY THAT OWNS OR OPERATES A PRIVATE CORRECTIONAL FACILITY FOR HOUSING INMATES THAT WOULD BE PROHIBITED UNDER SECTION ONE HUNDRED TWENTY-ONE OF THE CORRECTION LAW IF SUCH FACILITY WERE LOCATED IN THIS STATE. 2. FOR PURPOSES OF THIS SECTION "BANKING INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH (B) OF SUBDIVISION THREE OF SECTION NINE-F OF THIS CHAPTER. § 2. This act shall take effect immediately and shall apply to all contracts entered into, renewed, modified or amended on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05078-01-1
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