Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 25, 2023 |
signed chap.555 |
Oct 13, 2023 |
delivered to governor |
May 31, 2023 |
returned to assembly passed senate 3rd reading cal.1014 substituted for s6270 |
May 31, 2023 |
substituted by a5516 |
May 18, 2023 |
advanced to third reading |
May 17, 2023 |
2nd report cal. |
May 16, 2023 |
1st report cal.1014 |
Apr 11, 2023 |
referred to banks |
Senate Bill S6270
Signed By Governor2023-2024 Legislative Session
Sponsored By
(D) 10th Senate District
Current Bill Status Via A5516 - 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
co-Sponsors
(R, C) 57th Senate District
2023-S6270 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5516
- Law Section:
- Banking Law
- Laws Affected:
- Amd §96-d, Bank L
2023-S6270 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6270 SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to criteria for the estab- lishment of banking development districts PURPOSE OR GENERAL IDEA OF BILL: Requires DFS to consider whether a community is unbanked or underbanked when establishing Banking Development Districts. SUMMARY OF PROVISIONS: Section one: Requires DFS to consider whether a community is unbanked or underbanked when establishing Banking Development Districts, in addition to the existing below criteria: *the location, number, and proximity of sites where banking services are available within the district;
2023-S6270 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6270 2023-2024 Regular Sessions I N S E N A T E April 11, 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 criteria for the estab- lishment of banking development districts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 96-d of the banking law, as added by chapter 204 of the laws of 1997, the opening paragraph as amended by chapter 526 of the laws of 1998 and as further amended by section 104 of part A of chapter 62 of the laws of 2011, is amended to read as follows: 1. There is hereby created a banking development district program, the purpose of which is to encourage the establishment of bank branches in geographic locations where there is a demonstrated need for banking services. The superintendent of financial services shall, in consulta- tion with the department of economic development, promulgate rules and regulations, after public hearing and comment, which set forth the criteria for the establishment of banking development districts. Such criteria shall include, but not be limited to, the following: (a) the location, number, and proximity of sites where banking services are available within the district; (b) the identification of consumer needs for banking services within the district; (c) the economic viability and local credit needs of the community within the district; (d) the existing commercial development within the district; (e) the impact additional banking services would have on potential economic development in the district; [and] (f) WHETHER A COMMUNITY IS IDENTIFIED AS UNBANKED OR UNDERBANKED BY THE SUPERINTENDENT; AND (G) such other criteria which the superintendent in his or her discretion shall identify as appropriate. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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