Senate Bill S7090

Signed By Governor
2021-2022 Legislative Session

Provides for reporting for the state charter advisory board and extends the effectiveness of such board

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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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2021-S7090 (ACTIVE) - Details

See Assembly Version of this Bill:
A7924
Law Section:
Financial Services Law
Laws Affected:
Amd §205-b, Fin Serv L; amd Part A §114, Chap 62 of 2011

2021-S7090 (ACTIVE) - Summary

Provides for annual reporting regarding meetings of the state charter advisory board; extends the effectiveness of such board for five years.

2021-S7090 (ACTIVE) - Sponsor Memo

2021-S7090 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7090
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 28, 2021
                                ___________
 
 Introduced  by  Sen.  THOMAS -- 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 reporting for
   the state charter advisory board; and to amend chapter 62 of the  laws
   of  2011,  relating  to  constituting chapter 18-A of the consolidated
   laws relating to financial services,  in  relation  to  extending  the
   effectiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 205-b of the financial services law is  amended  by
 adding a new undesignated closing paragraph to read as follows:
   THE  SUPERINTENDENT  SHALL  MAKE AN ANNUAL REPORT NO LATER THAN THIRTY
 DAYS AFTER THE END OF EACH YEAR TO THE TEMPORARY PRESIDENT OF THE SENATE
 AND THE SPEAKER OF THE ASSEMBLY, WHICH SHALL INCLUDE A  SUMMARY  OF  THE
 TOPICS  DISCUSSED  AT  STATE CHARTER ADVISORY BOARD MEETINGS DURING SUCH
 YEAR, AND ANY LEGISLATIVE RECOMMENDATIONS RELATED TO THE  TOPICS  RAISED
 AT  SUCH  MEETINGS  OR  MADE BY ANY MEMBER OF THE STATE CHARTER ADVISORY
 BOARD.
   § 2. Subdivision (e) of section 114 of part A of  chapter  62  of  the
 laws  of 2011, relating to constituting chapter 18-A of the consolidated
 laws relating to financial services, as amended by chapter  228  of  the
 laws of 2016, is amended to read as follows:
   (e)  section  205-b  of the financial services law as added by section
 one of this act shall expire October 3, [2021] 2026, when upon such date
 the provisions of such section shall be deemed repealed;
   § 3. This act shall take effect  immediately;  provided,  however  the
 amendments  made  to section 205-b of the financial services law made by
 section one of this act shall not affect the repeal of such section  and
 shall be deemed repealed therewith.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11733-02-1

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