Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 04, 2024 |
referred to rules delivered to senate passed assembly |
May 30, 2024 |
amended on third reading (t) 9057c |
May 20, 2024 |
ordered to third reading rules cal.75 rules report cal.75 reported |
May 14, 2024 |
amend and recommit to rules 9057b |
May 14, 2024 |
reported referred to rules |
Apr 16, 2024 |
reported referred to codes |
Apr 12, 2024 |
print number 9057a |
Apr 12, 2024 |
amend (t) and recommit to banks |
Feb 05, 2024 |
referred to banks |
Assembly Bill A9057C
2023-2024 Legislative Session
Sponsored By
LEE
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
Actions
Bill Amendments
co-Sponsors
Juan Ardila
Yudelka Tapia
Daniel O'Donnell
Maritza Davila
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 - 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
Juan Ardila
Yudelka Tapia
Daniel O'Donnell
Maritza Davila
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 - 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
Juan Ardila
Yudelka Tapia
Daniel O'Donnell
Maritza Davila
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 - 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
Juan Ardila
Yudelka Tapia
Daniel O'Donnell
Maritza Davila
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) - 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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