Senate Bill S3698

2025-2026 Legislative Session

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports

download bill text pdf

Sponsored By

Current Bill Status Via A1515 - In Senate Committee Rules Committee

  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2025-S3698 (ACTIVE) - Details

See Assembly Version of this Bill:
A1515
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Amd §371, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A6763
2013-2014: A913
2015-2016: A3178
2017-2018: A5471
2019-2020: A3915
2021-2022: A8919
2023-2024: S6805, A1476

2025-S3698 (ACTIVE) - Summary

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

2025-S3698 (ACTIVE) - Sponsor Memo

2025-S3698 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3698
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 29, 2025
                                ___________
 
 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 requiring licensed cash-
   ers of checks to file suspicious activity reports
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 371 of the banking law, as added by chapter 151 of
 the laws of 1945, is amended to read as follows:
   § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
 empowered to make such rules and regulations, and such specific rulings,
 demands, and findings as [he] SUCH SUPERINTENDENT may deem necessary for
 the proper conduct of the business authorized and licensed under and for
 the enforcement of this article, in addition hereto and not inconsistent
 herewith.   SUCH RULES, REGULATIONS, RULINGS, DEMANDS AND FINDINGS SHALL
 INCLUDE, BUT NOT BE LIMITED TO, REQUIRING LICENSED CASHERS OF CHECKS  TO
 FILE SUSPICIOUS ACTIVITY REPORTS.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03571-01-5

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.