senate Bill S3577

Signed By Governor
2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status Via A7786 - 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 (22)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
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
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
Mar 23, 2021 referred to insurance
delivered to assembly
passed senate
Mar 18, 2021 advanced to third reading
Mar 17, 2021 2nd report cal.
Mar 16, 2021 1st report cal.572
Jan 30, 2021 referred to insurance

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 Insurance committee vote details

Insurance 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 Insurance committee vote details

Insurance Committee Vote: Mar 16, 2021

S3577 (ACTIVE) - Details

See Assembly Version of this Bill:
A7786
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
S6728

S3577 (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.

S3577 (ACTIVE) - Sponsor Memo

S3577 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3577
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2021
                                ___________
 
 Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 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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