Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2026 to June 30, 2027; extends for one year the advisory panel on employee-owned enterprises which is tasked with reporting and making recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York state.
S T A T E O F N E W Y O R K
________________________________________________________________________
10851
I N A S S E M B L Y
April 7, 2026
___________
Introduced by M. of A. STIRPE -- read once and referred to the Committee
on Economic Development
AN ACT to amend the economic development law, in relation to extending
the reporting deadline of the advisory panel on employee-owned enter-
prises; and to amend chapter 435 of the laws of 2017 amending the
economic development law relating to establishing an advisory panel on
employee-owned enterprises within the division of small business
services, in relation to the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 5 of section 139 of the economic development
law, as amended by chapter 145 of the laws of 2025, is amended to read
as follows:
5. Reporting. The advisory panel shall issue a report no later than
June thirtieth, two thousand [twenty-six] TWENTY-SEVEN outlining the
findings and recommendations of the panel. The report shall be delivered
to the governor, the speaker of the assembly, the temporary president of
the senate, the minority leader of the assembly, the minority leader of
the senate, the chair of the assembly committee on ways and means, the
chair of the senate committee on finance, the chair of the assembly
committee on economic development, the chair of the assembly committee
on small business, the chair of the senate committee on commerce,
economic development, and small business, the chair of the assembly
committee on labor, and the chair of the senate committee on labor.
§ 2. Section 2 of chapter 435 of the laws of 2017 amending the econom-
ic development law relating to establishing an advisory panel on employ-
ee-owned enterprises within the division of small business services, as
amended by chapter 145 of the laws of 2025, is amended to read as
follows:
§ 2. This act shall take effect immediately and shall expire October
1, [2026] 2027 when upon such date the provisions of this act shall be
deemed repealed.
§ 3. This act shall take effect immediately; provided that the amend-
ments to subdivision 5 of section 139 of the economic development law
made by section one of this act shall not affect the repeal of such
section and shall be deemed repealed therewith.
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