Senate Bill S8721

Signed By Governor
2019-2020 Legislative Session

Directs the department of financial services and the department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6070 - Signed by Governor

  • 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

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2019-S8721 (ACTIVE) - Details

See Assembly Version of this Bill:
A6070
Law Section:
Financial Services
Versions Introduced in 2017-2018 Legislative Session:
A8737

2019-S8721 (ACTIVE) - Summary

Directs the New York state department of financial services and the New York state department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state and to make recommendations for a consumer awareness and financial education program.

2019-S8721 (ACTIVE) - Sponsor Memo

2019-S8721 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8721
 
                             I N  S E N A T E
 
                               July 10, 2020
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to direct the New York state department of financial services and
   the New York state department of state's consumer protection  division
   to  conduct  a  study on consumer awareness and financial education in
   New York state and to make recommendations for  a  consumer  awareness
   and financial education program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The superintendent of financial  services,  in  conjunction
 with  the  commissioner  of  the  New York state department of state are
 hereby authorized and directed to prepare or have prepared  a  study  of
 the  status  of  consumer  awareness and financial education in New York
 state and to provide recommendations for a consumer awareness and finan-
 cial education program for all New  York  state  consumers.  Such  study
 shall include, but not be limited to, an analysis of consumer and finan-
 cial  education provided to New York state consumers, the amount of debt
 incurred by age, gender and location in New York state, access to  bank-
 ing  services  by age, gender and location in New York state, and access
 to investment services by age, gender and location in New York state.
   Such study and  recommendations  shall  be  completed,  and  shall  be
 provided to the governor, the temporary president of the senate, and the
 speaker  of  the assembly, within twelve months of the effective date of
 this act and shall be posted on the  department  of  financial  services
 public website.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08692-04-0

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