Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 11, 2024 |
advanced to third reading |
Mar 06, 2024 |
2nd report cal. |
Mar 05, 2024 |
1st report cal.587 |
Jan 03, 2024 |
referred to banks returned to senate died in assembly |
May 23, 2023 |
referred to codes delivered to assembly passed senate |
Mar 08, 2023 |
advanced to third reading |
Mar 01, 2023 |
2nd report cal. |
Feb 28, 2023 |
1st report cal.420 |
Jan 04, 2023 |
referred to banks |
Senate Bill S205
2023-2024 Legislative Session
Sponsored By
(D) 30th Senate District
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
Actions
Votes
co-Sponsors
(D, WF) 55th Senate District
(D, WF) 31st Senate District
(D, WF) 48th Senate District
2023-S205 (ACTIVE) - Details
2023-S205 (ACTIVE) - Sponsor Memo
BILL NUMBER: S205 SPONSOR: CLEARE TITLE OF BILL: An act to amend the banking law, in relation to prohibiting state char- tered banking institutions from investing in and providing financing for private prisons PURPOSE: This bill prohibits New York state-chartered banks from financing private prisons. SUMMARY OF PROVISIONS: This bill adds a new section 12 to the State Banking Law to prohibit New York State chartered banking institutions from financing private pris- ons. EXISTING LAW:
2023-S205 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 205 2023-2024 Regular Sessions I N S E N A T E (PREFILED) January 4, 2023 ___________ Introduced by Sens. CLEARE, JACKSON, MAY -- 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 state char- tered banking institutions from investing in and providing financing for private prisons 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 12 to read as follows: § 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI- TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC- ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY ENTITY THAT OWNS OR OPERATES A PRIVATE CORRECTIONAL FACILITY FOR HOUSING INMATES THAT WOULD BE PROHIBITED UNDER SECTION ONE HUNDRED TWENTY-ONE OF THE CORRECTION LAW IF SUCH FACILITY WERE LOCATED IN THIS STATE. 2. FOR PURPOSES OF THIS SECTION "BANKING INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH (B) OF SUBDIVISION THREE OF SECTION NINE-F OF THIS CHAPTER. § 2. This act shall take effect immediately and shall apply to all contracts entered into, renewed, modified or amended on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01198-01-3
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