Assembly Bill A1873B

2023-2024 Legislative Session

Relates to requiring new employees to be provided certain information relating to student loan repayment information

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Sponsored By

Current 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

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Bill Amendments

2023-A1873 - Details

Law Section:
Labor Law
Laws Affected:
Add §1003, Lab L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7918
2021-2022: A3495

2023-A1873 - Summary

Directs the development of materials relating to the public service loan forgiveness program to be provided to new employees hired for a post-graduate internship or an entry-level position that requires an associate's degree or higher.

2023-A1873 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1873
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced by M. of A. KIM -- read once and referred to the Committee on
   Banks
 
 AN  ACT  to  amend  the labor law, in relation to student loan repayment
   information
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The labor law is amended by adding a new section 217-a to
 read as follows:
   § 217-A. STUDENT LOAN REPAYMENT INFORMATION TO  BE  PROVIDED.  1.  THE
 COMMISSIONER, IN CONSULTATION WITH THE PRESIDENT OF THE HIGHER EDUCATION
 SERVICES  CORPORATION,  AND  THE  SUPERINTENDENT  OF FINANCIAL SERVICES,
 SHALL DEVELOP A NOTICE, PAMPHLET OR OTHER  WRITTEN  MATERIALS  REGARDING
 RESPONSIBILITIES AND REPAYMENT OPTIONS FOR STUDENT LOANS. SUCH MATERIALS
 SHALL  INCLUDE  INFORMATION  ABOUT CONSOLIDATION AND ALTERNATIVE FEDERAL
 STUDENT LOAN REPAYMENT PLANS, INCLUDING INCOME-BASED PROGRAMS,  THAT  DO
 NOT  REQUIRE  CONSOLIDATING  EXISTING FEDERAL STUDENT LOANS, THAT MAY BE
 AVAILABLE TO BORROWERS. SUCH MATERIALS SHALL ALSO PROVIDE  DIRECTION  TO
 ADDITIONAL  RESOURCES INCLUDING THE WEBSITE FOR THE DEPARTMENT OF FINAN-
 CIAL SERVICES' STUDENT LENDING RESOURCE CENTER.
   2. EVERY EMPLOYER IN THE STATE SHALL PROVIDE INFORMATION  WITH  REGARD
 TO  REPAYMENT  OF STUDENT LOANS DEVELOPED IN ACCORDANCE WITH SUBDIVISION
 ONE OF THIS SECTION, UPON EMPLOYEE REQUEST.
   3. (A) "STUDENT LOAN" MEANS ANY LOAN TO A BORROWER  TO  FINANCE  POST-
 SECONDARY EDUCATION OR EXPENSES RELATED TO POST-SECONDARY EDUCATION.
   (B)  "BORROWER"  MEANS  ANY  RESIDENT OF THIS STATE WHO HAS RECEIVED A
 STUDENT LOAN OR AGREED IN WRITING TO PAY A STUDENT LOAN  OR  ANY  PERSON
 WHO  SHARES A LEGAL OBLIGATION WITH SUCH RESIDENT FOR REPAYING A STUDENT
 LOAN.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law. Effective immediately, the addition,  amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

co-Sponsors

2023-A1873A - Details

Law Section:
Labor Law
Laws Affected:
Add §1003, Lab L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7918
2021-2022: A3495

2023-A1873A - Summary

Directs the development of materials relating to the public service loan forgiveness program to be provided to new employees hired for a post-graduate internship or an entry-level position that requires an associate's degree or higher.

2023-A1873A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1873--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced by M. of A. KIM -- 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 labor law, in relation  to  student  loan  repayment
   information

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The labor law is amended by adding a new section  217-a  to
 read as follows:
   §  217-A.  STUDENT  LOAN  REPAYMENT INFORMATION TO BE PROVIDED. 1. THE
 COMMISSIONER, IN CONSULTATION WITH THE PRESIDENT OF THE HIGHER EDUCATION
 SERVICES CORPORATION, AND  THE  SUPERINTENDENT  OF  FINANCIAL  SERVICES,
 SHALL  DEVELOP  A  NOTICE, PAMPHLET OR OTHER WRITTEN MATERIALS REGARDING
 RESPONSIBILITIES AND REPAYMENT OPTIONS FOR STUDENT LOANS. SUCH MATERIALS
 SHALL INCLUDE INFORMATION ABOUT CONSOLIDATION  AND  ALTERNATIVE  FEDERAL
 STUDENT  LOAN  REPAYMENT PLANS, INCLUDING INCOME-BASED PROGRAMS, THAT DO
 NOT REQUIRE CONSOLIDATING EXISTING FEDERAL STUDENT LOANS,  THAT  MAY  BE
 AVAILABLE  TO  BORROWERS. SUCH MATERIALS SHALL ALSO PROVIDE DIRECTION TO
 ADDITIONAL RESOURCES INCLUDING THE WEBSITE FOR THE DEPARTMENT OF  FINAN-
 CIAL  SERVICES'  STUDENT  LENDING RESOURCE CENTER.  ADDITIONAL MATERIALS
 SHALL BE DEVELOPED IN THE SAME  MANNER  REGARDING  PUBLIC  SERVICE  LOAN
 FORGIVENESS OR REPAYMENT PROGRAMS.
   2.  EVERY  EMPLOYER  IN  THE  STATE  SHALL PROVIDE UPON HIRING, TO ANY
 PERSON HIRED FOR A POST-GRADUATE INTERNSHIP OR AN  ENTRY-LEVEL  POSITION
 OF EMPLOYMENT THAT REQUIRES AN ASSOCIATE'S DEGREE OR HIGHER, ON OR AFTER
 THE  EFFECTIVE DATE OF THIS SECTION A NOTICE WITH REGARD TO REPAYMENT OF
 STUDENT LOANS DEVELOPED IN ACCORDANCE WITH THIS SECTION,  PROVIDED  THAT
 PUBLIC  EMPLOYERS  SHALL  ADDITIONALLY PROVIDE A NOTICE REGARDING PUBLIC
 SERVICE LOAN FORGIVENESS OR REPAYMENT PROGRAMS.
   3. (A) "STUDENT LOAN" MEANS ANY LOAN TO A BORROWER  TO  FINANCE  POST-
 SECONDARY EDUCATION OR EXPENSES RELATED TO POST-SECONDARY EDUCATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01506-03-3

co-Sponsors

2023-A1873B (ACTIVE) - Details

Law Section:
Labor Law
Laws Affected:
Add §1003, Lab L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7918
2021-2022: A3495

2023-A1873B (ACTIVE) - Summary

Directs the development of materials relating to the public service loan forgiveness program to be provided to new employees hired for a post-graduate internship or an entry-level position that requires an associate's degree or higher.

2023-A1873B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1873--B
                                                            R. R. 145
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced  by M. of A. KIM, HEVESI, BURDICK, GALLAGHER, GONZALEZ-ROJAS,
   FORREST, LUCAS, MAMDANI, HYNDMAN, REYES, SAYEGH, TAYLOR --  read  once
   and  referred  to the Committee on Banks -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee -- recommitted to the Committee on Banks in accordance with Assem-
   bly  Rule 3, sec. 2 -- reported and referred to the Committee on Rules
   -- ordered to a third reading -- amended on the special order of third
   reading, ordered reprinted as amended,  retaining  its  place  on  the
   special order of third reading
 
 AN  ACT  to  amend  the  labor  law,  in relation to public service loan
   forgiveness program information
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  labor law is amended by adding a new section 1003 to
 read as follows:
   § 1003. PUBLIC SERVICE LOAN  FORGIVENESS  PROGRAM  INFORMATION  TO  BE
 PROVIDED. 1. THE COMMISSIONER, IN CONSULTATION WITH THE PRESIDENT OF THE
 HIGHER  EDUCATION SERVICES CORPORATION, AND THE SUPERINTENDENT OF FINAN-
 CIAL SERVICES, SHALL DEVELOP A NOTICE, PAMPHLET OR OTHER WRITTEN MATERI-
 ALS REGARDING RESPONSIBILITIES AND REPAYMENT  OPTIONS  RELATING  TO  THE
 PUBLIC  SERVICE  LOAN  FORGIVENESS  PROGRAM.   SUCH MATERIALS SHALL ALSO
 PROVIDE DIRECTION TO ADDITIONAL RESOURCES FOR SUCH PROGRAM.
   2. EVERY PUBLIC SERVICE EMPLOYER IN  THE  STATE  SHALL,  UPON  HIRING,
 PROVIDE  TO ANY PERSON HIRED FOR A POST-GRADUATE INTERNSHIP OR AN ENTRY-
 LEVEL POSITION OF EMPLOYMENT THAT  REQUIRES  AN  ASSOCIATE'S  DEGREE  OR
 HIGHER  ON  OR  AFTER  THE  EFFECTIVE  DATE OF THIS SECTION, THE NOTICE,
 PAMPHLET OR OTHER MATERIALS DEVELOPED  UNDER  SUBDIVISION  ONE  OF  THIS
 SECTION.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.  Effective immediately, the addition, amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such effective date.

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