Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to judiciary |
Oct 23, 2019 |
print number 3641b |
Oct 23, 2019 |
amend (t) and recommit to judiciary |
Apr 04, 2019 |
print number 3641a |
Apr 04, 2019 |
amend and recommit to judiciary |
Jan 30, 2019 |
referred to judiciary |
Assembly Bill A3641B
2019-2020 Legislative Session
Sponsored By
KIM
Archive: Last Bill Status - In Assembly 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
Bill Amendments
co-Sponsors
Andrew Hevesi
Yuh-Line Niou
2019-A3641 - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Eminent Domain Procedure Law
- Laws Affected:
- Add §708-a, EDP L; add Art 23 §450, Ec Dev L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3051
2019-A3641 - Summary
Creates the office of financial freedom to assist in the monetization, purchasing, and cancellation of personal debt, including student loan debt; medical debt, home loan debt, auto loan debt, credit card debt, small business loan debt and other consumer debt; permits debt to be purchased and written-down through eminent domain.
2019-A3641 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3641 2019-2020 Regular Sessions I N A S S E M B L Y January 30, 2019 ___________ Introduced by M. of A. KIM, HEVESI -- read once and referred to the Committee on Judiciary AN ACT to amend the eminent domain procedure law, in relation to permit- ting personal debt to be purchased; and to amend the economic develop- ment law, in relation to establishing the office of financial freedom THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The eminent domain procedure law is amended by adding a new section 708-a to read as follows: § 708-A. ACQUISITION OF DEBT. THE CONDEMNOR SHALL BE AUTHORIZED TO ACQUIRE FOR PUBLIC USE, ANY CONDEMNEE'S PERSONAL DEBT HOLDINGS INCLUD- ING, BUT NOT LIMITED TO, STUDENT LOAN DEBT AND CONSUMER DEBT, IN THE SAME MANNER AND PROCEDURE PRESCRIBED FOR THE ACQUISITION OF REAL PROPER- TY UNDER THIS CHAPTER. § 2. The economic development law is amended by adding a new article 23 to read as follows: ARTICLE 23 OFFICE OF FINANCIAL FREEDOM SECTION 450. OFFICE OF FINANCIAL FREEDOM. § 450. OFFICE OF FINANCIAL FREEDOM. 1. THERE IS HEREBY ESTABLISHED WITHIN THE DEPARTMENT THE OFFICE OF FINANCIAL FREEDOM. THE SUPERINTEN- DENT SHALL APPOINT THE CHIEF FINANCIAL FREEDOM OFFICER AND CHIEF FINAN- CIAL FREEDOM ECONOMIST WHO SHALL APPOINT STAFF AND PERFORM SUCH OTHER FUNCTIONS TO ENSURE THE EFFICIENT OPERATION OF THE OFFICE WITHIN THE AMOUNTS MADE AVAILABLE THEREFOR BY APPROPRIATION. 2. THE OFFICE OF FINANCIAL FREEDOM SHALL HAVE THE POWER AND RESPONSI- BILITY TO: (A) HANDLE THE MONETIZATION AND CANCELATION OF PERSONAL DEBT; (B) CREATE PROGRAMS AND INITIATIVES TO ASSIST LOCAL COMMUNITIES IN: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04052-01-9
co-Sponsors
Andrew Hevesi
Yuh-Line Niou
Jo Anne Simon
Harvey Epstein
2019-A3641A - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Eminent Domain Procedure Law
- Laws Affected:
- Add §708-a, EDP L; add Art 23 §450, Ec Dev L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3051
2019-A3641A - Summary
Creates the office of financial freedom to assist in the monetization, purchasing, and cancellation of personal debt, including student loan debt; medical debt, home loan debt, auto loan debt, credit card debt, small business loan debt and other consumer debt; permits debt to be purchased and written-down through eminent domain.
2019-A3641A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3641--A 2019-2020 Regular Sessions I N A S S E M B L Y January 30, 2019 ___________ Introduced by M. of A. KIM, HEVESI, NIOU -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the eminent domain procedure law, in relation to permit- ting personal debt to be purchased; and to amend the economic develop- ment law, in relation to establishing the office of financial freedom THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The eminent domain procedure law is amended by adding a new section 708-a to read as follows: § 708-A. ACQUISITION OF DEBT. THE CONDEMNOR SHALL BE AUTHORIZED TO ACQUIRE FOR PUBLIC USE, ANY CONDEMNEE'S PERSONAL DEBT HOLDINGS INCLUD- ING, BUT NOT LIMITED TO, STUDENT LOAN DEBT AND CONSUMER DEBT, IN THE SAME MANNER AND PROCEDURE PRESCRIBED FOR THE ACQUISITION OF REAL PROPER- TY UNDER THIS CHAPTER. § 2. The economic development law is amended by adding a new article 23 to read as follows: ARTICLE 23 OFFICE OF FINANCIAL FREEDOM SECTION 450. OFFICE OF FINANCIAL FREEDOM. § 450. OFFICE OF FINANCIAL FREEDOM. 1. THERE IS HEREBY ESTABLISHED WITHIN THE DEPARTMENT THE OFFICE OF FINANCIAL FREEDOM. THE SUPERINTEN- DENT SHALL APPOINT THE CHIEF FINANCIAL FREEDOM OFFICER AND CHIEF FINAN- CIAL FREEDOM ECONOMIST WHO SHALL APPOINT STAFF AND PERFORM SUCH OTHER FUNCTIONS TO ENSURE THE EFFICIENT OPERATION OF THE OFFICE WITHIN THE AMOUNTS MADE AVAILABLE THEREFOR BY APPROPRIATION. 2. THE OFFICE OF FINANCIAL FREEDOM SHALL HAVE THE POWER AND RESPONSI- BILITY TO: (A) HANDLE THE MONETIZATION AND CANCELATION OF PERSONAL DEBT; (B) CREATE PROGRAMS AND INITIATIVES TO ASSIST LOCAL COMMUNITIES IN: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04052-02-9
co-Sponsors
Andrew Hevesi
Yuh-Line Niou
Jo Anne Simon
Harvey Epstein
2019-A3641B (ACTIVE) - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Eminent Domain Procedure Law
- Laws Affected:
- Add §708-a, EDP L; add Art 23 §450, Ec Dev L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3051
2019-A3641B (ACTIVE) - Summary
Creates the office of financial freedom to assist in the monetization, purchasing, and cancellation of personal debt, including student loan debt; medical debt, home loan debt, auto loan debt, credit card debt, small business loan debt and other consumer debt; permits debt to be purchased and written-down through eminent domain.
2019-A3641B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3641--B 2019-2020 Regular Sessions I N A S S E M B L Y January 30, 2019 ___________ Introduced by M. of A. KIM, HEVESI, NIOU, SIMON, EPSTEIN, THIELE -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amend- ments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the eminent domain procedure law, in relation to permit- ting personal debt to be purchased and written-down; and to amend the economic development law, in relation to establishing the office of financial freedom THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The eminent domain procedure law is amended by adding a new section 708-a to read as follows: § 708-A. ACQUISITION OF DEBT. THE CONDEMNOR SHALL BE AUTHORIZED TO ACQUIRE FOR PUBLIC USE, ANY CONDEMNEE'S PERSONAL DEBT HOLDINGS INCLUD- ING, BUT NOT LIMITED TO, STUDENT LOAN DEBT, MEDICAL DEBT, HOME LOAN DEBT, AUTO LOAN DEBT, CREDIT CARD DEBT, SMALL BUSINESS LOAN DEBT AND OTHER CONSUMER DEBT, IN THE SAME MANNER AND PROCEDURE PRESCRIBED FOR THE ACQUISITION OF REAL PROPERTY UNDER THIS CHAPTER. THE CONDEMNOR SHALL BE AUTHORIZED TO WRITE-DOWN SUCH ACQUIRED DEBT. § 2. The economic development law is amended by adding a new article 23 to read as follows: ARTICLE 23 OFFICE OF FINANCIAL FREEDOM SECTION 450. OFFICE OF FINANCIAL FREEDOM. § 450. OFFICE OF FINANCIAL FREEDOM. 1. THERE IS HEREBY ESTABLISHED WITHIN THE DEPARTMENT THE OFFICE OF FINANCIAL FREEDOM. THE SUPERINTEN- DENT SHALL APPOINT THE CHIEF FINANCIAL FREEDOM OFFICER AND CHIEF FINAN- CIAL FREEDOM ECONOMIST WHO SHALL APPOINT STAFF AND PERFORM SUCH OTHER FUNCTIONS TO ENSURE THE EFFICIENT OPERATION OF THE OFFICE WITHIN THE AMOUNTS MADE AVAILABLE THEREFOR BY APPROPRIATION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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