senate Bill S6070

Signed By Governor
2021-2022 Legislative Session

Directs the department of financial services to conduct a study on certain impacts of the coronavirus (COVID-19) pandemic

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 22, 2021 signed chap.792
Dec 10, 2021 delivered to governor
Jun 03, 2021 returned to senate
passed assembly
ordered to third reading rules cal.371
substituted for a7324a
Jun 01, 2021 referred to ways and means
delivered to assembly
passed senate
May 19, 2021 amended on third reading 6070a
May 03, 2021 advanced to third reading
Apr 28, 2021 2nd report cal.
Apr 27, 2021 1st report cal.800
Apr 05, 2021 referred to banks

Co-Sponsors

S6070 - Details

Law Section:
Financial Services

S6070 - Summary

Directs the department of financial services to conduct a study on the impacts of the coronavirus (COVID-19) pandemic on underbanked and underserved areas and small businesses and minority- and women-owned business enterprises getting loans.

S6070 - Sponsor Memo

S6070 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6070
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 5, 2021
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT directing the department of financial services to conduct a study
   on certain impacts of the coronavirus (COVID-19) pandemic
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  1.  The  department of financial services shall conduct a
 study on the impact  of  the  coronavirus  (COVID-19)  pandemic  on  the
 following:
   (a) underbanked and underserved areas;
   (b) small businesses, as defined by section 131 of the economic devel-
 opment law, getting loans; and
   (c)  minority-  and  women-owned  business  enterprises, as defined by
 subdivisions 7 and 15 of section  310  of  the  executive  law,  getting
 loans.
   2. The study shall examine topics to include, but not be limited to:
   (a) the ability of individuals in underbanked and underserved areas to
 receive, access, and use their stimulus payments;
   (b) changes in banking habits of individuals in underbanked and under-
 served areas;
   (c)  closures  or  changes  to  hours, staffing levels, or services in
 banks in underbanked or underserved areas;
   (d) the number of small businesses applying for loans; the  number  of
 small  businesses  receiving  approval for such loans; and the amount of
 money such small businesses have received in loans;
   (e) the number  of  minority-  and  women-owned  business  enterprises
 applying  for  loans;  the  number of minority- and women-owned business
 enterprises receiving approval for such loans; and the amount  of  money
 such  minority-  and  women-owned  business enterprises have received in
 loans;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10718-01-1

Co-Sponsors

S6070A (ACTIVE) - Details

Law Section:
Financial Services

S6070A (ACTIVE) - Summary

Directs the department of financial services to conduct a study on the impacts of the coronavirus (COVID-19) pandemic on underbanked and underserved areas and small businesses and minority- and women-owned business enterprises getting loans.

S6070A (ACTIVE) - Sponsor Memo

S6070A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6070--A
     Cal. No. 800
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 5, 2021
                                ___________
 
 Introduced  by Sens. SANDERS, JACKSON -- read twice and ordered printed,
   and when printed to be committed to the Committee on Banks -- reported
   favorably from said committee, 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 directing the department of financial services to conduct a study
   on certain impacts of the coronavirus (COVID-19) pandemic
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  1.  The  department of financial services in consultation
 with the empire state development corporation shall conduct a  study  on
 the  financial  impact  of  the  coronavirus  (COVID-19) pandemic on the
 following:
   (a) underbanked and underserved areas;
   (b) small businesses, as defined by section 131 of the economic devel-
 opment law, obtaining loans and other credit instruments; and
   (c) minority- and women-owned  business  enterprises,  as  defined  by
 subdivisions  7  and  15  of section 310 of the executive law, obtaining
 loans and other credit instruments.
   2. The study shall also examine topics including, but not limited to:
   (a) the ability of individuals in underbanked and underserved areas to
 receive, access, and use their stimulus payments;
   (b) closures or changes to hours,  staffing  levels,  or  services  in
 banks in underbanked or underserved areas;
   (c)  the  number of small businesses applying for loans; the number of
 small businesses receiving approval for such loans; and  the  amount  of
 money such small businesses have received in loans;
   (d)  the  number  of  minority-  and  women-owned business enterprises
 applying for loans; the number of  minority-  and  women-owned  business
 enterprises  receiving  approval for such loans; and the amount of money
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.