Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 31, 2022 | referred to governmental operations |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Co-Sponsors
Sandy Galef
Jo Anne Simon
A9086 (ACTIVE) - Details
A9086 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9086 I N A S S E M B L Y January 31, 2022 ___________ Introduced by M. of A. KELLES -- read once and referred to the Committee on Governmental Operations AN ACT to amend the public officers law, in relation to reporting of cryptocurrency holdings on the annual statement of financial disclo- sure THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 73-a of the public officers law is amended by adding a new paragraph 16-a to read as follows: 16-A. LIST BELOW THE TYPE AND MARKET VALUE OF CRYPTOCURRENCIES HELD BY THE REPORTING INDIVIDUAL OR SUCH INDIVIDUAL'S SPOUSE IN EXCESS OF $1,000 AT THE CLOSE OF THE TAXABLE YEAR LAST OCCURRING PRIOR TO THE DATE OF FILING. WHENEVER AN INTEREST IN CRYPTOCURRENCIES EXISTS THROUGH A BENE- FICIAL INTEREST IN A TRUST, THE CRYPTOCURRENCIES HELD IN SUCH TRUST SHALL BE LISTED ONLY IF THE REPORTING INDIVIDUAL HAS KNOWLEDGE THEREOF EXCEPT WHERE THE REPORTING INDIVIDUAL OR THE REPORTING INDIVIDUAL'S SPOUSE HAS TRANSFERRED ASSETS TO SUCH TRUST FOR HIS OR HER BENEFIT IN WHICH EVENT SUCH CRYPTOCURRENCIES SHALL BE LISTED UNLESS THEY ARE NOT ASCERTAINABLE BY THE REPORTING INDIVIDUAL BECAUSE THE TRUSTEE IS UNDER AN OBLIGATION OR HAS BEEN INSTRUCTED IN WRITING NOT TO DISCLOSE THE CONTENTS OF THE TRUST TO THE REPORTING INDIVIDUAL. CRYPTOCURRENCIES OF WHICH THE REPORTING INDIVIDUAL OR THE REPORTING INDIVIDUAL'S SPOUSE IS THE OWNER OF RECORD BUT IN WHICH SUCH INDIVIDUAL OR THE REPORTING INDI- VIDUAL'S SPOUSE HAS NO BENEFICIAL INTEREST SHALL NOT BE LISTED. ALSO LIST CRYPTOCURRENCIES OWNED FOR INVESTMENT PURPOSES BY A CORPORATION MORE THAN FIFTY PERCENT (50%) OF THE STOCK OF WHICH IS OWNED OR CONTROLLED BY THE REPORTING INDIVIDUAL OR SUCH INDIVIDUAL'S SPOUSE. FOR THE PURPOSES OF THIS ITEM THE TERM "CRYPTOCURRENCY" SHALL MEAN A DIGITAL CURRENCY IN WHICH ENCRYPTION TECHNIQUES ARE USED TO REGULATE THE GENER- ATION OF UNITS AND CURRENCY AND VERIFY THE TRANSFER OF FUNDS, OPERATING INDEPENDENTLY FROM A CENTRAL BANK. CATEGORY OF MARKET VALUE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.