| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 08, 2025 |
referred to codes |
Senate Bill S870
2025-2026 Legislative Session
Sponsored By
(D) 36th Senate District
Current Bill Status - In Senate Committee Codes Committee
Actions
2025-S870 (ACTIVE) - Details
- Current Committee:
- Senate Codes
- Law Section:
- Penal Law
- Laws Affected:
- Amd §§145.05 & 145.10, Pen L; amd §352-c, Gen Bus L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S4688
2011-2012: S970
2013-2014: S3356
2015-2016: S2191
2017-2018: S4026
2019-2020: S2560
2021-2022: S3355
2023-2024: S1237
2025-S870 (ACTIVE) - Sponsor Memo
BILL NUMBER: S870
SPONSOR: BAILEY
TITLE OF BILL:
An act to amend the penal law and the general business law, in relation
to criminal mischief and securities fraud
PURPOSE OR GENERAL IDEA OF BILL:
To raise the existing monetary thresholds for felony-level criminal
mischief and securities fraud.
SUMMARY OF SPECIFIC PROVISIONS:
Section one of the bill amends subdivision 2 of section 145.05 of the
Penal Law to raise the monetary property damage threshold from $250 to
$1,000. Section two of the bill amends section 145.10 of the Penal Law
to raise the monetary property damage threshold from $1,500 to $3,000.
Section three of the bill amends subdivision 6 of section 352-c of the
general business law to raise the monetary threshold from $250 to
$1,000.
2025-S870 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
870
2025-2026 Regular Sessions
I N S E N A T E
(PREFILED)
January 8, 2025
___________
Introduced by Sen. BAILEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Codes
AN ACT to amend the penal law and the general business law, in relation
to criminal mischief and securities fraud
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 145.05 of the penal law, as
amended by chapter 276 of the laws of 2003, is amended to read as
follows:
2. damages property of another person in an amount exceeding [two
hundred fifty] ONE THOUSAND dollars.
§ 2. Section 145.10 of the penal law, as amended by chapter 961 of the
laws of 1971, is amended to read as follows:
§ 145.10 Criminal mischief in the second degree.
A person is guilty of criminal mischief in the second degree when with
intent to damage property of another person, and having no right to do
so nor any reasonable ground to believe that [he has] THEY HAVE such
right, [he damages] THEY DAMAGE property of another person in an amount
exceeding [one] THREE thousand [five hundred] dollars.
Criminal mischief in the second degree is a class D felony.
§ 3. Subdivision 6 of section 352-c of the general business law, as
added by chapter 146 of the laws of 1982, is amended to read as follows:
6. Any person, partnership, corporation, company, trust or associ-
ation, or any agent or employee thereof who intentionally engages in
fraud, deception, concealment, suppression, false pretense or fictitious
or pretended purchase or sale, or who makes any material false represen-
tation or statement with intent to deceive or defraud, while engaged in
inducing or promoting the issuance, distribution, exchange, sale, nego-
tiation or purchase within or from this state of any securities or
commodities, as defined in this article, and thereby wrongfully obtains
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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