Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Dec 28, 2022 | signed chap.803 |
Dec 16, 2022 | delivered to governor |
Jun 01, 2022 | returned to senate passed assembly ordered to third reading cal.560 substituted for a9193b |
May 25, 2022 | referred to codes delivered to assembly passed senate |
Mar 30, 2022 | amended on third reading (t) 4954c |
Mar 07, 2022 | advanced to third reading |
Mar 03, 2022 | 2nd report cal. |
Mar 02, 2022 | 1st report cal.627 |
Feb 23, 2022 | print number 4954b |
Feb 23, 2022 | amend and recommit to consumer protection |
Jan 18, 2022 | print number 4954a |
Jan 18, 2022 | amend (t) and recommit to consumer protection |
Jan 05, 2022 | referred to consumer protection |
Feb 19, 2021 | referred to consumer protection |
senate Bill S4954C
Signed By GovernorSponsored By
Zellnor Myrie
(D) 20th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
Your Voice
Actions
Votes
Bill Amendments
Co-Sponsors
Samra G. Brouk
(D, WF) 55th Senate District
Liz Krueger
(D, WF) 28th Senate District
Elijah Reichlin-Melnick
(D, WF) 0 Senate District
Julia Salazar
(D, WF) 18th Senate District
S4954 - Details
- See Assembly Version of this Bill:
- A9193
- Law Section:
- General Business Law
- Laws Affected:
- Amd §350-d, Gen Bus L
S4954 - Sponsor Memo
BILL NUMBER: S4954 SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law, in relation to fraud in connection with an abnormal disruption of the market PURPOSE: The purpose of this bill is to hold any partnership, corporation, compa- ny, trust or association, or any agent or employee thereto, civilly liable for engaging in fraud or misconduct in connection with an abnor- mal disruption of the market, as defined in the bill. The bill empowers the superintendent of financial services and the attorney general to take action against the entities listed above and any agents or employ- ees thereof and authorizes the court to impose civil penalties as speci- fied in the bill as well to order restitution to aggrieved parties. SUMMARY OF PROVISIONS:
S4954 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4954 2021-2022 Regular Sessions I N S E N A T E February 19, 2021 ___________ Introduced by Sen. MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to fraud in connection with an abnormal disruption of the market THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new article 23-C to read as follows: ARTICLE 23-C FRAUD IN CONNECTION WITH AN ABNORMAL DISRUPTION OF THE MARKET SECTION 359-N. DEFINITIONS. 359-O. FRAUD IN CONNECTION WITH AN ABNORMAL DISRUPTION OF THE MARKET. § 359-N. DEFINITIONS. AS USED IN THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "ABNORMAL DISRUPTION OF THE MARKET" SHALL MEAN ANY CHANGE IN THE MARKET, WHETHER ACTUAL OR IMMINENTLY THREATENED, RESULTING FROM STRESS OF WEATHER, CONVULSION OF NATURE, FAILURE OR SHORTAGE OF ELECTRIC POWER OR OTHER SOURCE OF ENERGY, STRIKE, CIVIL DISORDER, WAR, MILITARY ACTION, NATIONAL OR LOCAL EMERGENCY, OR OTHER CAUSE OF AN ABNORMAL DISRUPTION OF THE MARKET WHICH RESULTS IN THE DECLARATION OF A STATE OF EMERGENCY BY THE GOVERNOR. 2. "SUPERINTENDENT" SHALL MEAN THE SUPERINTENDENT OF FINANCIAL SERVICES. § 359-O. FRAUD IN CONNECTION WITH AN ABNORMAL DISRUPTION OF THE MARKET. 1. IN ADDITION TO ANY LIABILITY FOR DAMAGES OR A CIVIL PENALTY IMPOSED PURSUANT TO ARTICLE TWENTY-ONE-A, SECTIONS THREE HUNDRED THIR- TY-NINE-C, THREE HUNDRED FORTY-NINE, THREE HUNDRED FIFTY-C, THREE HUNDRED FIFTY-D, THREE HUNDRED FIFTY-TWO, THREE HUNDRED NINETY-C, AND THREE HUNDRED NINETY-SIX-R OF THIS CHAPTER, REGARDING PURCHASES OR SALES OF SECURITIES OR COMMODITIES, DECEPTIVE PRACTICES, FALSE ADVERTISING, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
Samra G. Brouk
(D, WF) 55th Senate District
Liz Krueger
(D, WF) 28th Senate District
Jessica Ramos
(D, WF) 13th Senate District
Elijah Reichlin-Melnick
(D, WF) 0 Senate District
S4954A - Details
- See Assembly Version of this Bill:
- A9193
- Law Section:
- General Business Law
- Laws Affected:
- Amd §350-d, Gen Bus L
S4954A - Sponsor Memo
BILL NUMBER: S4954A SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law and the financial services law, in relation to fraud in connection with an abnormal disruption of the market PURPOSE: The purpose of this bill is to hold any partnership, corporation, compa- ny, trust or association, or any agent or employee thereto, civilly liable for engaging in fraud or misconduct in connection with an abnor- mal disruption of the market, as defined in the bill. The bill empowers the superintendent of financial services and the attorney general to take action against the entities listed above and any agents or employ- ees thereof and authorizes the court to impose civil penalties as speci- fied in the bill as well to order restitution to aggrieved parties. SUMMARY OF PROVISIONS:
S4954A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4954--A 2021-2022 Regular Sessions I N S E N A T E February 19, 2021 ___________ Introduced by Sens. MYRIE, BROUK, KRUEGER, REICHLIN-MELNICK, SALAZAR, SKOUFIS, THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- recommitted to the Committee on Consumer Protection in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law and the financial services law, in relation to fraud in connection with an abnormal disruption of the market THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions (b) and (c) of section 349 of the general business law, as added by chapter 43 of the laws of 1970, are amended to read as follows: (b) Whenever the attorney general shall believe from evidence satis- factory to him OR HER that any person, firm, corporation or association or agent or employee thereof has engaged in or is about to engage in any of the acts or practices stated to be unlawful he OR SHE may bring an action in the name and on behalf of the people of the state of New York to enjoin such unlawful acts or practices and to obtain restitution of any moneys or property obtained directly or indirectly by any such unlawful acts or practices. In such action preliminary relief may be granted under article sixty-three of the civil practice law and rules. PROVIDED FURTHER THAT, WHENEVER THE ATTORNEY GENERAL SHALL BELIEVE FROM EVIDENCE SATISFACTORY TO HIM OR HER THAT A FIRM, CORPORATION OR ASSOCI- ATION OR AGENT OR EMPLOYEE THEREOF HAS ENGAGED IN ANY OF THE ACTS OR PRACTICES STATED TO BE UNLAWFUL IN CONNECTION WITH AND WITH THE INTENT TO UNLAWFULLY GAIN FROM AN ABNORMAL DISRUPTION OF THE MARKET AS DEFINED IN SECTION THREE HUNDRED NINETY-SIX-R OF THIS CHAPTER, HE OR SHE MAY BRING AN ACTION ON BEHALF OF THE PEOPLE OF THE STATE OF NEW YORK TO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09574-02-2 S. 4954--A 2
Co-Sponsors
Samra G. Brouk
(D, WF) 55th Senate District
Robert Jackson
(D, WF) 31st Senate District
Liz Krueger
(D, WF) 28th Senate District
Jessica Ramos
(D, WF) 13th Senate District
S4954B - Details
- See Assembly Version of this Bill:
- A9193
- Law Section:
- General Business Law
- Laws Affected:
- Amd §350-d, Gen Bus L
S4954B - Sponsor Memo
BILL NUMBER: S4954B SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law and the financial services law, in relation to fraud in connection with an abnormal disruption of the market PURPOSE: The purpose of this bill is to hold any partnership, corporation, compa- ny, trust or association, or any agent or employee thereto, civilly liable for engaging in fraud or misconduct in connection with an abnor- mal disruption of the market, as defined in the bill. The bill empowers the superintendent of financial services and the attorney general to take action against the entities listed above and any agents or employ- ees thereof and authorizes the court to impose civil penalties as speci- fied in the bill as well to order restitution to aggrieved parties. SUMMARY OF PROVISIONS:
S4954B - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4954--B 2021-2022 Regular Sessions I N S E N A T E February 19, 2021 ___________ Introduced by Sens. MYRIE, BROUK, KRUEGER, RAMOS, REICHLIN-MELNICK, SALAZAR, SKOUFIS, THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- recommitted to the Committee on Consumer Protection in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law and the financial services law, in relation to fraud in connection with an abnormal disruption of the market THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 350-d of the general business law, as amended by chapter 208 of the laws of 2007, is amended to read as follows: § 350-d. Civil penalty. (A) Any person, firm, corporation or associ- ation or agent or employee thereof who engages in any of the acts or practices stated in this article to be unlawful shall be liable to a civil penalty of not more than five thousand dollars for each violation, which shall accrue to the state of New York and may be recovered in a civil action brought by the attorney general. In any such action it shall be a complete defense that the advertisement is subject to and complies with the rules and regulations of, and the statutes adminis- tered by the Federal Trade Commission or any official department, divi- sion, commission or agency of the state of New York. (B) PROVIDED, HOWEVER, THAT ANY FIRM, CORPORATION OR ASSOCIATION OR AGENT OR EMPLOYEE THEREOF WHO ENGAGES IN ANY OF THE ACTS OR PRACTICES STATED IN SECTION THREE HUNDRED FORTY-NINE OF THIS ARTICLE TO BE UNLAW- FUL IN CONNECTION WITH AN ABNORMAL DISRUPTION OF THE MARKET AS DEFINED IN SECTION THREE HUNDRED NINETY-SIX-R OF THIS CHAPTER SHALL BE LIABLE TO A CIVIL PENALTY OF NOT MORE THAN FIFTEEN THOUSAND DOLLARS FOR EACH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09574-04-2
Co-Sponsors
Samra G. Brouk
(D, WF) 55th Senate District
Robert Jackson
(D, WF) 31st Senate District
Liz Krueger
(D, WF) 28th Senate District
Jessica Ramos
(D, WF) 13th Senate District
S4954C (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9193
- Law Section:
- General Business Law
- Laws Affected:
- Amd §350-d, Gen Bus L
S4954C (ACTIVE) - Sponsor Memo
BILL NUMBER: S4954C REVISED 5/25/22 SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law, in relation to fraud in connection with an abnormal disruption of the market PURPOSE: The purpose of this bill is to hold any partnership, corporation, compa- ny, trust or association, or any agent or employee thereto, civilly liable for engaging in fraud or misconduct in connection with an abnor- mal disruption of the market, as defined in the bill. The bill empowers the Attorney General to take action against the entities listed above and any agents or employees thereof and authorizes the court to impose civil penalties as specified in the bill as well to order restitution to aggrieved parties. SUMMARY OF PROVISIONS: Section 1 amends section 50-d of the general business law, empowering
S4954C (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4954--C Cal. No. 627 2021-2022 Regular Sessions I N S E N A T E February 19, 2021 ___________ Introduced by Sens. MYRIE, BROUK, JACKSON, KRUEGER, RAMOS, REICHLIN-MEL- NICK, SALAZAR, SKOUFIS, THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- recommitted to the Committee on Consumer Protection in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said commit- tee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the general business law, in relation to fraud in connection with an abnormal disruption of the market THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 350-d of the general business law, as amended by chapter 208 of the laws of 2007, is amended to read as follows: § 350-d. Civil penalty. (A) Any person, firm, corporation or associ- ation or agent or employee thereof who engages in any of the acts or practices stated in this article to be unlawful shall be liable to a civil penalty of not more than five thousand dollars for each violation, which shall accrue to the state of New York and may be recovered in a civil action brought by the attorney general. In any such action it shall be a complete defense that the advertisement is subject to and complies with the rules and regulations of, and the statutes adminis- tered by the Federal Trade Commission or any official department, divi- sion, commission or agency of the state of New York. (B) NOTWITHSTANDING SUBDIVISION (A) OF THIS SECTION, ANY FIRM, CORPO- RATION OR ASSOCIATION OR AGENT OR EMPLOYEE THEREOF WHO ENGAGES IN ANY OF THE ACTS OR PRACTICES STATED IN SECTION THREE HUNDRED FORTY-NINE OF THIS ARTICLE TO BE UNLAWFUL IN CONNECTION WITH OR DURING AN ABNORMAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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