|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jul 22, 2020 |
ordered to third reading rules cal.287 rules report cal.287 reported |
| Jul 17, 2020 |
reported referred to rules |
| Jul 08, 2020 |
print number 7580b |
| Jul 08, 2020 |
amend and recommit to codes |
| Mar 03, 2020 |
reported referred to codes |
| Jan 08, 2020 |
referred to banks |
| Jun 03, 2019 |
print number 7580a |
| Jun 03, 2019 |
amend and recommit to banks |
| May 09, 2019 |
referred to banks |
Assembly Bill A7580B
2019-2020 Legislative Session
Sponsored By
MOSLEY
Archive: Last Bill Status - On Floor Calendar
- 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
2019-A7580 - Details
2019-A7580 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7580
2019-2020 Regular Sessions
I N A S S E M B L Y
May 9, 2019
___________
Introduced by M. of A. MOSLEY -- read once and referred to the Committee
on Banks
AN ACT to amend the banking law, in relation to prohibiting state char-
tered banking institutions from investing in and providing financing
for private prisons
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The banking law is amended by adding a new section 12 to
read as follows:
§ 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI-
TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC-
ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY
INSTITUTION, COMPANY, OR SUBSIDIARY THAT OWNS OR CONTRACTS WITH A
GOVERNMENT TO MANAGE OR RUN A PRISON.
2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, NO
LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE OF THIS SECTION, ANY MONEYS
OR ASSETS OF A STATE CHARTERED BANKING INSTITUTION WHICH SHALL REMAIN OR
BE INVESTED IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY
INSTITUTION, COMPANY, OR SUBSIDIARY OF A COMPANY THAT OWNS OR INVESTS IN
A FOR-PROFIT INSTITUTION THAT OWNS OR CONTRACTS WITH A GOVERNMENT TO
MANAGE OR RUN A PRISON SHALL BE WITHDRAWN.
3. FOR PURPOSES OF THIS SECTION "STATE CHARTERED BANKING INSTITUTION"
SHALL HAVE THE SAME MEANING AS DEFINED IN SUBDIVISION ONE OF SECTION
TWELVE-A OF THIS ARTICLE.
§ 2. This act shall take effect immediately and shall apply to all
contracts entered into, renewed, modified or amended on or after such
effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11393-01-9
co-Sponsors
Karines Reyes
Tremaine Wright
2019-A7580A - Details
2019-A7580A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7580--A
2019-2020 Regular Sessions
I N A S S E M B L Y
May 9, 2019
___________
Introduced by M. of A. MOSLEY -- read once and referred to the Committee
on Banks -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the banking law, in relation to prohibiting state char-
tered banking institutions from investing in and providing financing
for private prisons
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The banking law is amended by adding a new section 12 to
read as follows:
§ 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI-
TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC-
ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY
INSTITUTION, COMPANY, OR SUBSIDIARY THAT OWNS OR CONTRACTS WITH A
GOVERNMENT TO MANAGE OR RUN A PRISON.
2. FOR PURPOSES OF THIS SECTION "STATE CHARTERED BANKING INSTITUTION"
SHALL HAVE THE SAME MEANING AS DEFINED IN SUBDIVISION ONE OF SECTION
TWELVE-A OF THIS ARTICLE.
§ 2. This act shall take effect immediately and shall apply to all
contracts entered into, renewed, modified or amended on or after such
effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11393-03-9
co-Sponsors
Karines Reyes
Tremaine Wright
2019-A7580B (ACTIVE) - Details
2019-A7580B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7580--B
2019-2020 Regular Sessions
I N A S S E M B L Y
May 9, 2019
___________
Introduced by M. of A. MOSLEY, REYES, WRIGHT -- read once and referred
to the Committee on Banks -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee --
recommitted to the Committee on Banks in accordance with Assembly Rule
3, sec. 2 -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the banking law, in relation to prohibiting state char-
tered banking institutions from investing in and providing financing
for private prisons
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The banking law is amended by adding a new section 12 to
read as follows:
§ 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTI-
TUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANC-
ING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY
ENTITY THAT OWNS OR OPERATES A PRIVATE CORRECTIONAL FACILITY FOR HOUSING
INMATES THAT WOULD BE PROHIBITED UNDER SECTION ONE HUNDRED TWENTY-ONE OF
THE CORRECTION LAW IF SUCH FACILITY WERE LOCATED IN THIS STATE.
2. FOR PURPOSES OF THIS SECTION "BANKING INSTITUTION" SHALL HAVE THE
SAME MEANING AS DEFINED IN PARAGRAPH (B) OF SUBDIVISION THREE OF SECTION
NINE-F OF THIS CHAPTER.
§ 2. This act shall take effect immediately and shall apply to all
contracts entered into, renewed, modified or amended on or after such
effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11393-08-0
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