Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 26, 2024 |
referred to banks |
Assembly Bill A9636
2023-2024 Legislative Session
Sponsored By
ANDERSON
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2023-A9636 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8147
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §96-dd, amd §96-d, Bank L
2023-A9636 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9636 I N A S S E M B L Y March 26, 2024 ___________ Introduced by M. of A. ANDERSON -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to creating a banking development district working group; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The banking law is amended by adding a new section 96-dd to read as follows: § 96-DD. BANKING DEVELOPMENT DISTRICT WORKING GROUP. 1. A BANKING DEVELOPMENT DISTRICT WORKING GROUP IS HEREBY ESTABLISHED TO ASSESS AND PROVIDE RECOMMENDATIONS AND FUTURE GOALS FOR THE BANKING DEVELOPMENT DISTRICT PROGRAM CREATED UNDER SECTION NINETY-SIX-D OF THIS ARTICLE. 2. THE BANKING DISTRICT WORKING GROUP SHALL INCLUDE THE FOLLOWING INDIVIDUALS OR THEIR REPRESENTATIVES, THE SUPERINTENDENT, THE STATE COMPTROLLER, THE NEW YORK CITY COMPTROLLER, THE COMMISSIONER OF THE NEW YORK CITY DEPARTMENT OF FINANCE, THE COMMISSIONER OF EMPIRE STATE DEVEL- OPMENT, THE CHAIR OF THE SENATE BANKS COMMITTEE, THE CHAIR OF THE SENATE COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS COMMITTEE, THE CHAIR OF THE ASSEMBLY BANKS COMMITTEE AND THE CHAIR OF THE BANKING IN UNDER- SERVED COMMUNITIES SUBCOMMITTEE. 3. NO LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE OF THIS SECTION, THE WORKING GROUP SHALL PROVIDE AN ASSESSMENT OF THE CURRENT STATE OF THE BANKING DEVELOPMENT DISTRICT PROGRAM TO THE GOVERNOR AND THE LEGIS- LATURE, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING INFORMATION: A. THE NUMBER OF PARTICIPATING BANKING DEVELOPMENT DISTRICT BRANCHES AND WHERE SUCH BRANCHES ARE LOCATED; B. WAYS THE PROGRAM IS HELPING TO SERVE THE UNBANKED AND UNDERBANKED AS DEFINED IN SUBDIVISION ONE-A OF SECTION NINETY-SIX-D OF THIS ARTICLE; C. THE STRENGTHS AND WEAKNESSES OF THE PROGRAM; D. NECESSARY MEASURES THAT SHOULD BE TAKEN TO BUILD UPON THE STRENGTHS OF THE PROGRAM AND ELIMINATE IDENTIFIED WEAKNESSES. 4. ANNUALLY THEREAFTER, SUCH WORKING GROUP SHALL CONTINUE TO PROVIDE AN ASSESSMENT OF THE BANKING DEVELOPMENT DISTRICT PROGRAM TO THE GOVER- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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