assembly Bill A7324A

Signed By Governor
2021-2022 Legislative Session

Directs the department of financial services to conduct a study on certain impacts of the coronavirus (COVID-19) pandemic

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6070 - Signed by Governor


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

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 22, 2021 signed chap.792
Dec 10, 2021 delivered to governor
Jun 03, 2021 returned to senate
passed assembly
ordered to third reading rules cal.371
substituted for a7324a
Jun 03, 2021 substituted by s6070a
Jun 02, 2021 ordered to third reading rules cal.371
rules report cal.371
reported
May 26, 2021 reported referred to rules
May 19, 2021 reported referred to ways and means
May 14, 2021 print number 7324a
May 14, 2021 amend and recommit to banks
May 05, 2021 reference changed to banks
referred to governmental operations

A7324 - Details

See Senate Version of this Bill:
S6070
Law Section:
Financial Services

A7324 - Summary

Directs the department of financial services to conduct a study on the impacts of the coronavirus (COVID-19) pandemic on underbanked and underserved areas and small businesses and minority- and women-owned business enterprises getting loans.

A7324 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7324
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 5, 2021
                                ___________
 
 Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
   tee on Governmental Operations
 
 AN ACT directing the department of financial services to conduct a study
   on certain impacts of the coronavirus (COVID-19) pandemic
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. 1. The department of financial  services  shall  conduct  a
 study  on  the  impact  of  the  coronavirus  (COVID-19) pandemic on the
 following:
   (a) underbanked and underserved areas;
   (b) small businesses, as defined by section 131 of the economic devel-
 opment law, getting loans; and
   (c) minority- and women-owned  business  enterprises,  as  defined  by
 subdivisions  7  and  15  of  section  310 of the executive law, getting
 loans.
   2. The study shall examine topics to include, but not be limited to:
   (a) the ability of individuals in underbanked and underserved areas to
 receive, access, and use their stimulus payments;
   (b) changes in banking habits of individuals in underbanked and under-
 served areas;
   (c) closures or changes to hours,  staffing  levels,  or  services  in
 banks in underbanked or underserved areas;
   (d)  the  number of small businesses applying for loans; the number of
 small businesses receiving approval for such loans; and  the  amount  of
 money such small businesses have received in loans;
   (e)  the  number  of  minority-  and  women-owned business enterprises
 applying for loans; the number of  minority-  and  women-owned  business
 enterprises  receiving  approval for such loans; and the amount of money
 such minority- and women-owned business  enterprises  have  received  in
 loans;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10718-01-1

Co-Sponsors

A7324A (ACTIVE) - Details

See Senate Version of this Bill:
S6070
Law Section:
Financial Services

A7324A (ACTIVE) - Summary

Directs the department of financial services to conduct a study on the impacts of the coronavirus (COVID-19) pandemic on underbanked and underserved areas and small businesses and minority- and women-owned business enterprises getting loans.

A7324A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7324--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 5, 2021
                                ___________
 
 Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
   tee  on  Governmental Operations -- reference changed to the Committee
   on Banks -- committee discharged, bill amended, ordered  reprinted  as
   amended and recommitted to said committee
 
 AN ACT directing the department of financial services to conduct a study
   on certain impacts of the coronavirus (COVID-19) pandemic
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. 1. The department of  financial  services  in  consultation
 with  the  empire state development corporation shall conduct a study on
 the financial impact of  the  coronavirus  (COVID-19)  pandemic  on  the
 following:
   (a) underbanked and underserved areas;
   (b) small businesses, as defined by section 131 of the economic devel-
 opment law, obtaining loans and other credit instruments; and
   (c)  minority-  and  women-owned  business  enterprises, as defined by
 subdivisions 7 and 15 of section 310 of  the  executive  law,  obtaining
 loans and other credit instruments.
   2. The study shall also examine topics including, but not limited to:
   (a) the ability of individuals in underbanked and underserved areas to
 receive, access, and use their stimulus payments;
   (b)  closures  or  changes  to  hours, staffing levels, or services in
 banks in underbanked or underserved areas;
   (c) the number of small businesses applying for loans; the  number  of
 small  businesses  receiving  approval for such loans; and the amount of
 money such small businesses have received in loans;
   (d) the number  of  minority-  and  women-owned  business  enterprises
 applying  for  loans;  the  number of minority- and women-owned business
 enterprises receiving approval for such loans; and the amount  of  money
 such  minority-  and  women-owned  business enterprises have received in
 loans;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.