Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 28, 2020 |
committed to rules |
Feb 10, 2020 |
advanced to third reading |
Feb 05, 2020 |
2nd report cal. amended (t) 1589a |
Feb 04, 2020 |
1st report cal.336 |
Jan 08, 2020 |
referred to banks |
Jan 15, 2019 |
referred to banks |
Senate Bill S1589
2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - 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
Actions
Votes
Bill Amendments
2019-S1589 - Details
- See Assembly Version of this Bill:
- A9141
- Current Committee:
- Senate Rules
- Law Section:
- Financial Services Law
- Laws Affected:
- Add Art 7 §§701 - 703, Fin Serv L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S7062, A10339
2017-2018: S3604, A5813
2021-2022: S574, A1047
2023-2024: S1750, A4605
2019-S1589 - Sponsor Memo
BILL NUMBER: S1589 SPONSOR: SANDERS TITLE OF BILL: An act to amend the financial services law, in relation to establishing the state financial literacy commission PURPOSE: To establish a state financial literacy commission to measurably improve the financial literacy and financial capability of New York state resi- dents. SUMMARY OF PROVISIONS: Section 1 of the bill amends the financial services law by adding a new article 7 establishing the state financial literacy commission: Section 701 will contain definitions.
2019-S1589 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1589 2019-2020 Regular Sessions I N S E N A T E January 15, 2019 ___________ 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 financial services law, in relation to establishing the state financial literacy commission THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The financial services law is amended by adding a new arti- cle 7 to read as follows: ARTICLE 7 STATE FINANCIAL LITERACY COMMISSION SECTION 701. DEFINITIONS. 702. STATE FINANCIAL LITERACY COMMISSION. 703. POWERS AND DUTIES. § 701. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "FINANCIAL CAPABILITY" MEANS: (A) FINANCIAL LITERACY AND ACCESS TO APPROPRIATE FINANCIAL PRODUCTS; AND (B)(I) THE ABILITY TO ACT, INCLUDING KNOWLEDGE, SKILLS, CONFIDENCE, AND MOTIVATION; AND (II) THE OPPORTUNITY TO ACT, THROUGH ACCESS TO BENEFICIAL FINANCIAL PRODUCTS AND INSTITUTIONS. 2. "FINANCIAL LITERACY" MEANS THE ABILITY TO USE KNOWLEDGE AND SKILLS TO MANAGE FINANCIAL RESOURCES EFFECTIVELY FOR A LIFETIME OF FINANCIAL WELL-BEING. § 702. STATE FINANCIAL LITERACY COMMISSION. 1. THERE IS CREATED A STATE FINANCIAL LITERACY COMMISSION TO MEASURABLY IMPROVE THE FINANCIAL LITERACY AND FINANCIAL CAPABILITY OF NEW YORK STATE RESIDENTS. 2. THE COMMISSION SHALL BE COMPOSED OF THE FOLLOWING MEMBERS: (A) THE STATE COMPTROLLER OR DESIGNEE; (B) THE COMMISSIONER OF EDUCATION OR DESIGNEE; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01592-01-9
2019-S1589A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9141
- Current Committee:
- Senate Rules
- Law Section:
- Financial Services Law
- Laws Affected:
- Add Art 7 §§701 - 703, Fin Serv L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S7062, A10339
2017-2018: S3604, A5813
2021-2022: S574, A1047
2023-2024: S1750, A4605
2019-S1589A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1589A Revised 7/23/2020 SPONSOR: SANDERS TITLE OF BILL: An act to amend the state finance law and the education law, in relation to establishing the state financial literacy fund PURPOSE: To establish a state financial literacy fund to provide grants to improve the financial literacy and financial capability of New York state residents. SUMMARY OF PROVISIONS: Section 1 of the bill amends the state finance law by adding a new section 99-hh establishing the state financial literacy fund: 1. established in the joint custody of the state comptroller, the attorney general, and commissioner of taxation and finance a fund to be
2019-S1589A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1589--A Cal. No. 336 2019-2020 Regular Sessions I N S E N A T E January 15, 2019 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- recommitted to the Committee on Banks in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first report, amended on first report, ordered to a second report and ordered reprinted, retaining its place in the order of second report AN ACT to amend the state finance law and the education law, in relation to establishing the state financial literacy fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding a new section 99-hh to read as follows: § 99-HH. STATE FINANCIAL LITERACY FUND. 1. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, RULE, REGULATION, OR PRACTICE TO THE CONTRARY, THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER, THE ATTORNEY GENERAL, AND COMMISSIONER OF TAXATION AND FINANCE A FUND TO BE KNOWN AS THE "STATE FINANCIAL LITERACY FUND". 2. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: A. "FINANCIAL CAPABILITY" MEANS: (I) FINANCIAL LITERACY AND ACCESS TO APPROPRIATE FINANCIAL PRODUCTS; AND (II)(A) THE ABILITY TO ACT, INCLUDING KNOWLEDGE, SKILLS, CONFIDENCE, AND MOTIVATION; AND (B) THE OPPORTUNITY TO ACT, THROUGH ACCESS TO BENEFICIAL FINANCIAL PRODUCTS AND INSTITUTIONS. B. "FINANCIAL LITERACY" MEANS THE ABILITY TO USE KNOWLEDGE AND SKILLS TO MANAGE FINANCIAL RESOURCES EFFECTIVELY FOR A LIFETIME OF FINANCIAL WELL-BEING. C. "ORGANIZATION" MEANS A STATE AGENCY, STATE AUTHORITY OR AN ORGAN- IZATION THAT POSSESSES A FEDERAL TAX EXEMPTION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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