assembly Bill A7786

2021-2022 Legislative Session

Provides for a study regarding insurance or other risk mitigation tools and third-party payroll service providers

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Archive: Last Bill Status Via S3577 - On Floor Calendar


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

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Actions

view actions (25)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 01, 2022 substituted by a7786
Feb 16, 2022 advanced to third reading
Feb 15, 2022 2nd report cal.
Feb 14, 2022 1st report cal.489
Jan 05, 2022 referred to insurance
returned to senate
died in assembly
Jun 10, 2021 ordered to third reading rules cal.794
substituted for a7786
May 06, 2022 signed chap.186
Apr 27, 2022 delivered to governor
Mar 01, 2022 returned to assembly
passed senate
3rd reading cal.489
substituted for s3577
Feb 17, 2022 referred to insurance
delivered to senate
passed assembly
Jan 05, 2022 ordered to third reading cal.277
Jun 10, 2021 substituted by s3577
rules report cal.794
reported
reported referred to rules
May 24, 2021 reported referred to ways and means
May 21, 2021 referred to banks

Votes

view votes

Feb 14, 2022 - Insurance committee Vote

S3577
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 14, 2022

Mar 16, 2021 - Insurance committee Vote

S3577
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Mar 16, 2021

A7786 (ACTIVE) - Details

See Senate Version of this Bill:
S3577
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
S6728

A7786 (ACTIVE) - Summary

Requires the department of financial services, in consultation with the department of taxation and finance, to conduct a study regarding insurance or other risk mitigation tools and third-party payroll service providers; provides that the superintendent of financial services shall submit a report to the governor, the temporary president of the senate and the speaker of the assembly of the department's findings, conclusions, and recommendations.

A7786 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7786
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 21, 2021
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Banks
 
 AN ACT in relation to requiring the department of financial services, in
   consultation with the department of taxation and finance, to conduct a
   study  regarding  insurance  or other risk mitigation tools and third-
   party payroll service providers

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  1. The superintendent of financial services, in consulta-
 tion with the commissioner of taxation and  finance,  shall  review  the
 adequacy of employee protections and small business employer protections
 in  the payroll services industry.  The superintendent shall make recom-
 mendations regarding the same.   Such review shall include  but  not  be
 limited to:
   (a)  the present state of employee protections in the payroll services
 industry;
   (b) the present state of small business employer  protections  in  the
 payroll services industry;
   (c) the incidence of fraud or misappropriation of payroll funds in the
 payroll services industry;
   (d)  the  number  of  small  businesses  in  New York that use payroll
 service providers;
   (e) the number and size of payroll service providers in New York;
   (f) specific causal or facilitative facts regarding instances of fraud
 or misappropriation by payroll service providers;
   (g) the feasibility and  advisability  of  requiring  payroll  service
 providers to obtain insurance, post bonds, or utilize other risk manage-
 ment  tools to address potential situations in which payroll monies owed
 to employees on behalf of businesses  are  stolen,  misappropriated,  or
 otherwise  rendered unavailable after being transmitted from an employer
 to a payroll service provider or an affiliated entity; and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.