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 |
Assembly Bill A7786
2021-2022 Legislative Session
Sponsored By
CAHILL
Archive: Last Bill Status Via S3577 - 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
2021-A7786 (ACTIVE) - Details
2021-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.
2021-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.
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