Senate Bill S2601B

2023-2024 Legislative Session

Prohibits fees for any service rendered through a bank relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof

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Current Bill Status - On Floor Calendar


  • 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

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Bill Amendments

2023-S2601 - Details

See Assembly Version of this Bill:
A8999
Law Section:
Banking Law
Laws Affected:
Add §9-aa, Bank L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8616
2021-2022: S446

2023-S2601 - Summary

Prohibits fees for any service rendered through a banking organization relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof.

2023-S2601 - Sponsor Memo

2023-S2601 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2601
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2023
                                ___________
 
 Introduced  by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and
   when printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law, in relation  to  prohibiting  fees  for
   benefit banking services
 
   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 9-aa  to
 read as follows:
   § 9-AA. BENEFIT BANKING SERVICES. 1. AS USED IN THIS SECTION:
   (A)  "BANK"  MEANS  ANY  CORPORATION  OR  LIMITED LIABILITY INVESTMENT
 COMPANY SUBJECT TO THE PROVISIONS OF THIS CHAPTER, BANKING  CORPORATIONS
 ORGANIZED  UNDER  THE  LAWS  OF  THE  UNITED  STATES OR ANY OTHER STATE,
 PRIVATE BANKERS, BANK-BASED FINANCIAL  SERVICES  COMPANIES  AND  FEDERAL
 RESERVE BANKS;
   (B)  "BENEFIT  BANKING  SERVICES" MEANS ANY SERVICE RENDERED THROUGH A
 BANK RELATING TO THE USE OF AN ELECTRONIC BENEFIT TRANSFER CARD  INCLUD-
 ING DEPOSIT; DISBURSEMENT VIA ELECTRONIC FUND TRANSFER, CHECKS, OR OTHER
 MECHANISMS; RECONCILIATION; REPORTING; OR ELECTRONIC CASH MANAGEMENT FOR
 BENEFIT PROGRAMS; AND
   (C) "ELECTRONIC BENEFIT TRANSFER CARD" MEANS:
   (I)  ANY  MEDICAL  ASSISTANCE CARD, FOOD STAMP ASSISTANCE CARD, PUBLIC
 ASSISTANCE CARD, OR ANY  OTHER  IDENTIFICATION,  AUTHORIZATION  CARD  OR
 ELECTRONIC  ACCESS  DEVICE  ISSUED  BY  THE  STATE  OR A SOCIAL SERVICES
 DISTRICT AS DEFINED IN SUBDIVISION SEVEN OF SECTION TWO  OF  THE  SOCIAL
 SERVICES  LAW  WHICH ENTITLES A PERSON TO OBTAIN PUBLIC ASSISTANCE BENE-
 FITS UNDER A LOCAL, STATE OR FEDERAL PROGRAM ADMINISTERED BY THE  STATE,
 ITS POLITICAL SUBDIVISIONS OR SOCIAL SERVICES DISTRICTS; OR
   (II)  ANY  UNEMPLOYMENT  INSURANCE PROGRAM CARD, OCCUPATIONAL TRAINING
 ACT PROGRAM CARD, ADOPTION SUBSIDY ELECTRONIC PAYMENTS PROGRAM CARD,  OR
 CARD  ISSUED  BY  THE  NEW  YORK  CHILD SUPPORT PROGRAM WHICH ENTITLES A
 PERSON TO RECEIVE FUNDS UNDER A LOCAL, STATE OR FEDERAL PROGRAM ADMINIS-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05406-01-3
              

co-Sponsors

2023-S2601A - Details

See Assembly Version of this Bill:
A8999
Law Section:
Banking Law
Laws Affected:
Add §9-aa, Bank L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8616
2021-2022: S446

2023-S2601A - Summary

Prohibits fees for any service rendered through a banking organization relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof.

2023-S2601A - Sponsor Memo

2023-S2601A - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2601--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2023
                                ___________
 
 Introduced  by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and
   when printed to be committed to the Committee on Banks --  recommitted
   to  the Committee on Banks 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 banking law, in relation to prohibiting fees for
   benefit banking services
 
   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 9-aa to
 read as follows:
   § 9-AA. BENEFIT BANKING SERVICES. 1. AS USED IN THIS SECTION:
   (A) "BANK" MEANS  ANY  CORPORATION  OR  LIMITED  LIABILITY  INVESTMENT
 COMPANY  SUBJECT TO THE PROVISIONS OF THIS CHAPTER, BANKING CORPORATIONS
 ORGANIZED UNDER THE LAWS OF  THE  UNITED  STATES  OR  ANY  OTHER  STATE,
 PRIVATE  BANKERS,  BANK-BASED  FINANCIAL  SERVICES COMPANIES AND FEDERAL
 RESERVE BANKS;
   (B) "BENEFIT BANKING SERVICES" MEANS ANY SERVICE  RENDERED  THROUGH  A
 BANK  RELATING TO THE USE OF AN ELECTRONIC BENEFIT TRANSFER CARD INCLUD-
 ING DEPOSIT; DISBURSEMENT VIA ELECTRONIC FUND TRANSFER, CHECKS, OR OTHER
 MECHANISMS; RECONCILIATION; REPORTING; OR ELECTRONIC CASH MANAGEMENT FOR
 BENEFIT PROGRAMS; AND
   (C) "ELECTRONIC BENEFIT TRANSFER CARD" MEANS:
   (I) ANY MEDICAL ASSISTANCE CARD, FOOD STAMP  ASSISTANCE  CARD,  PUBLIC
 ASSISTANCE  CARD,  OR  ANY  OTHER  IDENTIFICATION, AUTHORIZATION CARD OR
 ELECTRONIC ACCESS DEVICE ISSUED  BY  THE  STATE  OR  A  SOCIAL  SERVICES
 DISTRICT  AS  DEFINED  IN SUBDIVISION SEVEN OF SECTION TWO OF THE SOCIAL
 SERVICES LAW WHICH ENTITLES A PERSON TO OBTAIN PUBLIC  ASSISTANCE  BENE-
 FITS  UNDER A LOCAL, STATE OR FEDERAL PROGRAM ADMINISTERED BY THE STATE,
 ITS POLITICAL SUBDIVISIONS OR SOCIAL SERVICES DISTRICTS; OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05406-02-4
 S. 2601--A                          2
              

co-Sponsors

2023-S2601B (ACTIVE) - Details

See Assembly Version of this Bill:
A8999
Law Section:
Banking Law
Laws Affected:
Add §9-aa, Bank L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8616
2021-2022: S446

2023-S2601B (ACTIVE) - Summary

Prohibits fees for any service rendered through a banking organization relating to the use of an electronic benefit transfer card issued by the state or certain departments or agencies thereof.

2023-S2601B (ACTIVE) - Sponsor Memo

2023-S2601B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2601--B
     Cal. No. 124
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2023
                                ___________
 
 Introduced  by  Sens.  HOYLMAN-SIGAL,  JACKSON -- read twice and ordered
   printed, and when printed to be committed to the Committee on Banks --
   recommitted to the Committee on Banks in accordance with  Senate  Rule
   6,  sec. 8 -- committee discharged, bill amended, ordered reprinted as
   amended and recommitted to said committee -- reported  favorably  from
   said committee, ordered to first and second report, ordered to a third
   reading,  passed  by  Senate  and delivered to the Assembly, recalled,
   vote reconsidered, restored to  third  reading,  amended  and  ordered
   reprinted, retaining its place in the order of third reading
 
 AN  ACT  to  amend  the banking law, in relation to prohibiting fees for
   benefit banking services
 
   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 9-aa to
 read as follows:
   § 9-AA. BENEFIT BANKING SERVICES. 1. AS USED IN THIS SECTION:
   (A) "BANK" MEANS  ANY  CORPORATION  OR  LIMITED  LIABILITY  INVESTMENT
 COMPANY  SUBJECT TO THE PROVISIONS OF THIS CHAPTER, BANKING CORPORATIONS
 OR CREDIT UNIONS ORGANIZED UNDER THE LAWS OF THE UNITED  STATES  OR  ANY
 OTHER  STATE,  PRIVATE  BANKERS, BANK-BASED FINANCIAL SERVICES COMPANIES
 AND FEDERAL RESERVE BANKS;
   (B) "BENEFIT BANKING SERVICES" MEANS ANY SERVICE  RENDERED  THROUGH  A
 BANK  RELATING TO THE USE OF AN ELECTRONIC BENEFIT TRANSFER CARD INCLUD-
 ING DEPOSIT; DISBURSEMENT VIA ELECTRONIC FUND TRANSFER, CHECKS, OR OTHER
 MECHANISMS; RECONCILIATION; REPORTING; OR ELECTRONIC CASH MANAGEMENT FOR
 BENEFIT PROGRAMS; AND
   (C) "ELECTRONIC BENEFIT TRANSFER CARD" MEANS:
   (I) ANY MEDICAL ASSISTANCE CARD, FOOD STAMP  ASSISTANCE  CARD,  PUBLIC
 ASSISTANCE  CARD,  OR  ANY  OTHER  IDENTIFICATION, AUTHORIZATION CARD OR
 ELECTRONIC ACCESS DEVICE ISSUED  BY  THE  STATE  OR  A  SOCIAL  SERVICES
 DISTRICT  AS  DEFINED  IN SUBDIVISION SEVEN OF SECTION TWO OF THE SOCIAL
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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