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Assembly Bill A2873B

Signed By Governor

2023-2024 Legislative Session

Relates to reporting of digital assets on the annual statement of financial disclosure

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S5621 - Signed by Governor

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Bill Amendments

co-Sponsors

2023-A2873 - Details

See Senate Version of this Bill:
S5621
Law Section:
Public Officers Law
Laws Affected:
Amd §73-a, Pub Off L
Versions Introduced in 2021-2022 Legislative Session:
A9086, S7272

2023-A2873 - Summary

Relates to reporting of digital assets on the annual statement of financial disclosure filed with the legislative ethics commission or the joint commission on public ethics.

2023-A2873 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2873
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2023
                                ___________
 
 Introduced  by  M.  of A. KELLES, SIMON -- 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03465-01-3

co-Sponsors

2023-A2873A - Details

See Senate Version of this Bill:
S5621
Law Section:
Public Officers Law
Laws Affected:
Amd §73-a, Pub Off L
Versions Introduced in 2021-2022 Legislative Session:
A9086, S7272

2023-A2873A - Summary

Relates to reporting of digital assets on the annual statement of financial disclosure filed with the legislative ethics commission or the joint commission on public ethics.

2023-A2873A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2873--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2023
                                ___________
 
 Introduced  by  M.  of A. KELLES, SIMON -- read once and referred to the
   Committee on Governmental Operations  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 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 OR DOMESTIC PARTNER
 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  BENEFICIAL 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  OR DOMESTIC PARTNER 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 INDI-
 VIDUAL.    CRYPTOCURRENCIES  OF  WHICH  THE  REPORTING INDIVIDUAL OR THE
 REPORTING INDIVIDUAL'S SPOUSE OR DOMESTIC PARTNER IS THE OWNER OF RECORD
 BUT IN WHICH SUCH INDIVIDUAL OR THE  REPORTING  INDIVIDUAL'S  SPOUSE  OR
 DOMESTIC  PARTNER  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  OR
 DOMESTIC  PARTNER. FOR THE PURPOSES OF THIS ITEM THE TERM "CRYPTOCURREN-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03465-02-3

co-Sponsors

2023-A2873B (ACTIVE) - Details

See Senate Version of this Bill:
S5621
Law Section:
Public Officers Law
Laws Affected:
Amd §73-a, Pub Off L
Versions Introduced in 2021-2022 Legislative Session:
A9086, S7272

2023-A2873B (ACTIVE) - Summary

Relates to reporting of digital assets on the annual statement of financial disclosure filed with the legislative ethics commission or the joint commission on public ethics.

2023-A2873B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2873--B
                                                            R. R. 107
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2023
                                ___________
 
 Introduced  by  M.  of A. KELLES, SIMON -- read once and referred to the
   Committee on Governmental Operations  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee -- reported and referred to the Committee on Rules -- ordered to a
   third reading,  passed  by  Assembly  and  delivered  to  the  Senate,
   recalled  from  the  Senate,  vote reconsidered, bill amended, ordered
   reprinted, retaining its place on the special order of third reading
 
 AN ACT to amend the public officers law, in  relation  to  reporting  of
   digital assets on the annual statement of financial disclosure
 
   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 NAME AND MARKET VALUE OF DIGITAL ASSETS  HELD  BY
 THE REPORTING INDIVIDUAL OR SUCH INDIVIDUAL'S SPOUSE OR DOMESTIC PARTNER
 IN  EXCESS  OF  $1,000  AT  THE CLOSE OF THE TAXABLE YEAR LAST OCCURRING
 PRIOR TO THE DATE OF FILING. WHENEVER  AN  INTEREST  IN  DIGITAL  ASSETS
 EXISTS THROUGH A BENEFICIAL INTEREST IN A TRUST, THE DIGITAL ASSETS HELD
 IN SUCH TRUST SHALL BE LISTED ONLY IF THE REPORTING INDIVIDUAL HAS KNOW-
 LEDGE  THEREOF  EXCEPT  WHERE  THE REPORTING INDIVIDUAL OR THE REPORTING
 INDIVIDUAL'S SPOUSE OR DOMESTIC PARTNER HAS TRANSFERRED ASSETS  TO  SUCH
 TRUST FOR HIS OR HER BENEFIT IN WHICH EVENT SUCH DIGITAL ASSETS 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 INDI-
 VIDUAL.    THE  DIGITAL  ASSETS OF WHICH THE REPORTING INDIVIDUAL OR THE
 REPORTING INDIVIDUAL'S SPOUSE OR DOMESTIC PARTNER IS THE OWNER OF RECORD
 BUT IN WHICH SUCH INDIVIDUAL OR THE  REPORTING  INDIVIDUAL'S  SPOUSE  OR
 DOMESTIC  PARTNER  HAS  NO BENEFICIAL INTEREST SHALL NOT BE LISTED. ALSO
 LIST DIGITAL ASSETS OWNED FOR INVESTMENT PURPOSES BY A CORPORATION  MORE
 THAN FIFTY PERCENT (50%) OF THE STOCK OF WHICH IS OWNED OR CONTROLLED BY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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