Senate Bill S6647A

Vetoed By Governor
2023-2024 Legislative Session

Creates a banking development district working group

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Sponsored By

Current Bill Status Via A6222 - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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Bill Amendments

2023-S6647 - Details

See Assembly Version of this Bill:
A6222
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-S6647 - Summary

Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked.

2023-S6647 - Sponsor Memo

2023-S6647 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6647
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                May 3, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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  creating  a  banking
   development district working group
 
   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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10318-02-3
              

2023-S6647A (ACTIVE) - Details

See Assembly Version of this Bill:
A6222
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-S6647A (ACTIVE) - Summary

Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked.

2023-S6647A (ACTIVE) - Sponsor Memo

2023-S6647A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6647--A
     Cal. No. 1251
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                May 3, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks -- reported  favora-
   bly  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 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;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10318-04-3
              

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