|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Nov 17, 2023 |
signed chap.647 |
| Nov 13, 2023 |
delivered to governor |
| Jun 06, 2023 |
returned to assembly passed senate 3rd reading cal.1623 substituted for s1047a |
| Jun 06, 2023 |
substituted by a7388 ordered to third reading cal.1623 committee discharged and committed to rules |
| May 23, 2023 |
print number 1047a |
| May 23, 2023 |
amend and recommit to investigations and government operations |
| Jan 09, 2023 |
referred to investigations and government operations |
Senate Bill S1047A
Signed By Governor2023-2024 Legislative Session
Sponsored By
(D, WF) 56th Senate District
Current Bill Status Via A7388 - Signed by Governor
- 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
Votes
Bill Amendments
2023-S1047 - Details
2023-S1047 - Sponsor Memo
BILL NUMBER: S1047
SPONSOR: COONEY
TITLE OF BILL:
An act to amend the cannabis law, in relation to sharing information
obtained from applicants and licensees
SUMMARY OF SPECIFIC PROVISIONS:
Section one authorizes the Office of Cannabis Management to share licen-
see and applicant information with requesting financial institutions.
Section two provides the effective date.
JUSTIFICATION:
Federal scheduling of cannabis creates challenges to banking licensed
cannabis companies. Due to rigorous federal compliance rules and anti-
money laundering laws, financial institutions face increased costs and
little to no incentive to take on cannabis businesses as clients. A
financial institution servicing a cannabis business must make a suspi-
2023-S1047 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1047
2023-2024 Regular Sessions
I N S E N A T E
January 9, 2023
___________
Introduced by Sen. COONEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the cannabis law, in relation to sharing information
obtained from applicants and licensees
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 11 of the cannabis law is amended by adding a new
subdivision 13 to read as follows:
13. TO SHARE ANY AND ALL INFORMATION OBTAINED FROM APPLICANTS AND
LICENSEES, AS DEFINED IN SECTION THREE OF THIS CHAPTER, TO REQUESTING
FINANCIAL INSTITUTIONS FOR THE PURPOSE OF CONSIDERATION AND COMPLIANCE.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02681-01-3
2023-S1047A (ACTIVE) - Details
2023-S1047A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1047A
SPONSOR: COONEY
TITLE OF BILL:
An act to amend the cannabis law, in relation to sharing information
obtained from applicants and licensees
SUMMARY OF SPECIFIC PROVISIONS:
Section one authorizes the Office of Cannabis Management to share licen-
see and applicant information with requesting financial institutions,
with the consent of such applicants and licensees.
Section two provides the effective date.
JUSTIFICATION:
Federal scheduling of cannabis creates challenges to banking licensed
cannabis companies. Due to rigorous federal compliance rules and anti-
money laundering laws, financial institutions face increased costs and
little to no incentive to take on cannabis businesses as clients. A
2023-S1047A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1047--A
2023-2024 Regular Sessions
I N S E N A T E
January 9, 2023
___________
Introduced by Sen. COONEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the cannabis law, in relation to sharing information
obtained from applicants and licensees
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 11 of the cannabis law is amended by adding a new
subdivision 16 to read as follows:
16. TO SHARE ANY AND ALL INFORMATION OBTAINED FROM APPLICANTS AND
LICENSEES, AS DEFINED IN SECTION THREE OF THIS CHAPTER, TO REQUESTING
FINANCIAL INSTITUTIONS FOR THE PURPOSE OF CONSIDERATION AND COMPLIANCE,
WITH THE CONSENT OF SUCH APPLICANTS AND LICENSEES.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02681-04-3
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