Assembly Bill A9057C

2023-2024 Legislative Session

Mandates acceptance of the New York city identity card as a primary form of identification at all banking organizations

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee

  • 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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Actions

Bill Amendments

co-Sponsors

2023-A9057 - Details

See Senate Version of this Bill:
S7826
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Add §13, Bank L

2023-A9057 - Summary

Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches.

2023-A9057 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9057
 
                           I N  A S S E M B L Y
 
                             February 5, 2024
                                ___________
 
 Introduced by M. of A. LEE -- read once and referred to the Committee on
   Banks
 
 AN  ACT to amend the banking law, in relation to mandating acceptance of
   the New York city identity card as a primary form of identification at
   state-chartered banks, savings banks, savings and  loan  associations,
   and credit unions
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings.  The  legislature  hereby  finds  and
 declares that:
   (a) Local law no. 35 for the year 2014 amended subchapter 1 of chapter
 1  of  title  3  of  the  administrative code of the city of New York by
 adding a section  3-115,  creating  the  New  York  city  identity  card
 program.  One of the main objectives of the program was to expand access
 to bank-approved identification cards, thereby reducing  the  number  of
 unbanked residents across the city. In 2015, federal regulatory authori-
 ties  notified  the city agencies in charge of administering the program
 that banks could use the New York city  identity  card  to  satisfy  the
 minimum requirements of federal anti-money laundering laws. In 2016, the
 New  York  State  Department of Financial Services further "encourage[d]
 New York state-chartered and licensed financial institutions  to  accept
 the Municipal ID as a form of acceptable identification card."
   (b) Despite authorization by federal and state regulatory authorities,
 only  approximately  one-third  of  city  banks accept the New York city
 identity card, leaving many city residents on the margins of the  finan-
 cial system. As of 2017, 11.2 percent of households in New York city had
 no bank account and ten neighborhoods accounted for nearly 35 percent of
 those  households. Residents of color, undocumented residents, and resi-
 dents living below the poverty line are disproportionately impacted  and
 are  at  greater risk of falling victim to predatory financial services,
 imperiling their financial futures and aggravating  economic  inequality
 across the state.
   (c) The purpose of this legislation is to ensure that our most vulner-
 able  residents  are  not  cut  off  from  traditional banking services.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

co-Sponsors

2023-A9057A - Details

See Senate Version of this Bill:
S7826
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Add §13, Bank L

2023-A9057A - Summary

Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches.

2023-A9057A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9057--A
 
                           I N  A S S E M B L Y
 
                             February 5, 2024
                                ___________
 
 Introduced  by  M.  of  A. LEE, ARDILA, TAPIA, O'DONNELL, DAVILA -- 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 mandating acceptance  of
   the New York city identity card as a primary form of identification at
   all banking organizations

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings.  The  legislature  hereby  finds  and
 declares that:
   (a) Local law no. 35 for the year 2014 amended subchapter 1 of chapter
 1  of  title  3  of  the  administrative code of the city of New York by
 adding a section  3-115,  creating  the  New  York  city  identity  card
 program.  One of the main objectives of the program was to expand access
 to bank-approved identification cards, thereby reducing  the  number  of
 unbanked residents across the city. In 2015, federal regulatory authori-
 ties  notified  the city agencies in charge of administering the program
 that banks could use the New York city  identity  card  to  satisfy  the
 minimum requirements of federal anti-money laundering laws. In 2016, the
 New  York  State  Department of Financial Services further "encourage[d]
 New York state-chartered and licensed financial institutions  to  accept
 the Municipal ID as a form of acceptable identification card."
   (b) Despite authorization by federal and state regulatory authorities,
 only  approximately  one-third  of  city  banks accept the New York city
 identity card, leaving many city residents on the margins of the  finan-
 cial system. As of 2017, 11.2 percent of households in New York city had
 no bank account and ten neighborhoods accounted for nearly 35 percent of
 those  households. Residents of color, undocumented residents, and resi-
 dents living below the poverty line are disproportionately impacted  and
 are  at  greater risk of falling victim to predatory financial services,
 imperiling their financial futures and aggravating  economic  inequality
 across the state.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13677-02-4

co-Sponsors

2023-A9057B - Details

See Senate Version of this Bill:
S7826
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Add §13, Bank L

2023-A9057B - Summary

Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches.

2023-A9057B - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9057--B
 
                           I N  A S S E M B L Y
 
                             February 5, 2024
                                ___________
 
 Introduced  by M. of A. LEE, ARDILA, TAPIA, O'DONNELL, DAVILA, GONZALEZ-
   ROJAS, LEVENBERG, BURDICK, TAYLOR, CUNNINGHAM, REYES, BORES, L. ROSEN-
   THAL -- read once and referred to the Committee on Banks --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to  said  committee -- reported and referred to the Committee on Codes
   -- reported and referred to the Committee on Rules -- Rules  Committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to the Committee on Rules
 
 AN  ACT to amend the banking law, in relation to mandating acceptance of
   the New York city identity card as a primary form of identification at
   all banking organizations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. This act shall be known and may be cited as the "pro-bank-
 ing act".
   § 2. Legislative findings. The legislature hereby finds  and  declares
 that:
   (a) Local law no. 35 for the year 2014 amended subchapter 1 of chapter
 1  of  title  3  of  the  administrative code of the city of New York by
 adding a section  3-115,  creating  the  New  York  city  identity  card
 program.  One of the main objectives of the program was to expand access
 to bank-approved identification cards, thereby reducing  the  number  of
 unbanked residents across the city. In 2015, federal regulatory authori-
 ties  notified  the city agencies in charge of administering the program
 that banks could use the New York city  identity  card  to  satisfy  the
 minimum requirements of federal anti-money laundering laws. In 2016, the
 New  York  State  Department of Financial Services further "encourage[d]
 New York state-chartered and licensed financial institutions  to  accept
 the Municipal ID as a form of acceptable identification card."
   (b) Despite authorization by federal and state regulatory authorities,
 only  approximately  one-third  of  city  banks accept the New York city
 identity card, leaving many city residents on the margins of the  finan-
 cial system. As of 2017, 11.2 percent of households in New York city had
 no bank account and ten neighborhoods accounted for nearly 35 percent of
 those  households. Residents of color, undocumented residents, and resi-
 dents living below the poverty line are disproportionately impacted  and
 are  at  greater risk of falling victim to predatory financial services,

co-Sponsors

2023-A9057C (ACTIVE) - Details

See Senate Version of this Bill:
S7826
Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Add §13, Bank L

2023-A9057C (ACTIVE) - Summary

Enacts the pro-banking act to mandate acceptance of the New York city identity card as a primary form of identification at all covered entities, including all banking organizations, foreign banking corporations, and interstate branches.

2023-A9057C (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9057--C
                                                             R. R. 75
 
                           I N  A S S E M B L Y
 
                             February 5, 2024
                                ___________
 
 Introduced  by M. of A. LEE, ARDILA, TAPIA, O'DONNELL, DAVILA, GONZALEZ-
   ROJAS, LEVENBERG, BURDICK, TAYLOR, CUNNINGHAM, REYES, BORES, L. ROSEN-
   THAL, FALL, WEPRIN, CRUZ, MITAYNES -- read once and  referred  to  the
   Committee  on  Banks  --  committee  discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee -- reported and
   referred to the Committee on Codes -- reported  and  referred  to  the
   Committee  on  Rules  --  Rules  Committee  discharged,  bill amended,
   ordered reprinted as amended and recommitted to the Committee on Rules
   -- ordered to a third reading, amended and ordered reprinted,  retain-
   ing its place on the order of third reading
 
 AN  ACT to amend the banking law, in relation to mandating acceptance of
   the New York city identity card as a primary form of identification at
   all covered entities
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. This act shall be known and may be cited as the "pro-bank-
 ing act".
   § 2. Legislative findings. The legislature hereby finds  and  declares
 that:
   (a) Local law no. 35 for the year 2014 amended subchapter 1 of chapter
 1  of  title  3  of  the  administrative code of the city of New York by
 adding a section  3-115,  creating  the  New  York  city  identity  card
 program.  One of the main objectives of the program was to expand access
 to bank-approved identification cards, thereby reducing  the  number  of
 unbanked residents across the city. In 2015, federal regulatory authori-
 ties  notified  the city agencies in charge of administering the program
 that banks could use the New York city  identity  card  to  satisfy  the
 minimum requirements of federal anti-money laundering laws. In 2016, the
 New  York  State  Department of Financial Services further "encourage[d]
 New York state-chartered and licensed financial institutions  to  accept
 the Municipal ID as a form of acceptable identification card."
   (b) Despite authorization by federal and state regulatory authorities,
 only  approximately  one-third  of  city  banks accept the New York city
 identity card, leaving many city residents on the margins of the  finan-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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