Assembly Bill A5833

2021-2022 Legislative Session

Relates to directing the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services

download bill text pdf

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Archive: Last Bill Status - Stricken

  • 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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2021-A5833 (ACTIVE) - Details

See Senate Version of this Bill:
S1684
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
A7952

2021-A5833 (ACTIVE) - Summary

Directs the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services.

2021-A5833 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5833
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 26, 2021
                                ___________
 
 Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
   tee on Banks
 
 AN ACT to direct the department of financial services to conduct a study
   on  underbanked  communities  and  households in New York state and to
   make recommendations to improve access to financial services

   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 is hereby author-
 ized and directed to prepare or have prepared  a  study  of  underbanked
 communities  and households in New York state and to provide recommenda-
 tions to make financial services  accessible  to  such  communities  and
 households.   Such study shall include, but not be limited to, an analy-
 sis of the location and  demographics  of  underbanked  communities  and
 households  in  New York state and the causes of underbanked communities
 and households in New York state.
   § 2. Such study and recommendations shall be completed and provided to
 the governor and the legislature within twelve months of  the  effective
 date of this act.
   §  3.  As  used  in  this act the term "underbanked" shall mean having
 insufficient access to financial institutions for the purpose of banking
 and investment services.
   § 4. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06610-01-1

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