Assembly Bill A9636A

2023-2024 Legislative Session

Creates a banking development district working group

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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-A9636 - Details

See Senate Version of this Bill:
S8147
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-A9636 - Summary

Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked.

2023-A9636 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9636
 
                           I N  A S S E M B L Y
 
                              March 26, 2024
                                ___________
 
 Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
   tee on Banks
 
 AN  ACT  to  amend  the  banking  law, in relation to creating a banking
   development district working group; and providing for  the  repeal  of
   such provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The banking law is amended by adding a new section 96-dd to
 read as follows:
   § 96-DD. BANKING DEVELOPMENT DISTRICT  WORKING  GROUP.  1.  A  BANKING
 DEVELOPMENT  DISTRICT  WORKING GROUP IS HEREBY ESTABLISHED TO ASSESS AND
 PROVIDE RECOMMENDATIONS AND FUTURE GOALS  FOR  THE  BANKING  DEVELOPMENT
 DISTRICT PROGRAM CREATED UNDER SECTION NINETY-SIX-D OF THIS ARTICLE.
   2.  THE  BANKING  DISTRICT  WORKING  GROUP SHALL INCLUDE THE FOLLOWING
 INDIVIDUALS OR THEIR  REPRESENTATIVES,  THE  SUPERINTENDENT,  THE  STATE
 COMPTROLLER,  THE NEW YORK CITY COMPTROLLER, THE COMMISSIONER OF THE NEW
 YORK CITY DEPARTMENT OF FINANCE, THE COMMISSIONER OF EMPIRE STATE DEVEL-
 OPMENT, THE CHAIR OF THE SENATE BANKS COMMITTEE, THE CHAIR OF THE SENATE
 COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS COMMITTEE,  THE  CHAIR
 OF  THE  ASSEMBLY BANKS COMMITTEE AND THE CHAIR OF THE BANKING IN UNDER-
 SERVED COMMUNITIES SUBCOMMITTEE.
   3. NO LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE  OF  THIS  SECTION,
 THE  WORKING  GROUP  SHALL PROVIDE AN ASSESSMENT OF THE CURRENT STATE OF
 THE BANKING DEVELOPMENT DISTRICT PROGRAM TO THE GOVERNOR AND THE  LEGIS-
 LATURE, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING INFORMATION:
   A.  THE  NUMBER OF PARTICIPATING BANKING DEVELOPMENT DISTRICT BRANCHES
 AND WHERE SUCH BRANCHES ARE LOCATED;
   B. WAYS THE PROGRAM IS HELPING TO SERVE THE UNBANKED  AND  UNDERBANKED
 AS DEFINED IN SUBDIVISION ONE-A OF SECTION NINETY-SIX-D OF THIS ARTICLE;
   C. THE STRENGTHS AND WEAKNESSES OF THE PROGRAM;
   D. NECESSARY MEASURES THAT SHOULD BE TAKEN TO BUILD UPON THE STRENGTHS
 OF THE PROGRAM AND ELIMINATE IDENTIFIED WEAKNESSES.
   4.  ANNUALLY  THEREAFTER, SUCH WORKING GROUP SHALL CONTINUE TO PROVIDE
 AN ASSESSMENT OF THE BANKING DEVELOPMENT DISTRICT PROGRAM TO THE  GOVER-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2023-A9636A (ACTIVE) - Details

See Senate Version of this Bill:
S8147
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-A9636A (ACTIVE) - Summary

Creates a banking development district working group to assess the banking development district program and provide an annual report to the governor and legislature on the strengths and weaknesses of such program; defines unbanked and underbanked.

2023-A9636A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9636--A
 
                           I N  A S S E M B L Y
 
                              March 26, 2024
                                ___________
 
 Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
   tee  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  creating  a  banking
   development  district  working  group; and providing for the repeal of
   such provisions upon expiration thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The banking law is amended by adding a new section 96-dd to
 read as follows:
   §  96-DD.  BANKING  DEVELOPMENT  DISTRICT  WORKING GROUP. 1. A BANKING
 DEVELOPMENT DISTRICT WORKING GROUP IS HEREBY ESTABLISHED TO  ASSESS  AND
 PROVIDE  RECOMMENDATIONS  AND  FUTURE  GOALS FOR THE BANKING DEVELOPMENT
 DISTRICT PROGRAM CREATED UNDER SECTION  NINETY-SIX-D  OF  THIS  ARTICLE.
 THE  SUPERINTENDENT  SHALL IMPOSE AN ASSESSMENT ON BANK BRANCHES LOCATED
 WITHIN BANKING DEVELOPMENT DISTRICTS TO COVER ALL COSTS ASSOCIATED  WITH
 THIS WORK GROUP.
   2.  THE  BANKING  DISTRICT  WORKING  GROUP SHALL INCLUDE THE FOLLOWING
 INDIVIDUALS OR THEIR  REPRESENTATIVES,  THE  SUPERINTENDENT,  THE  STATE
 COMPTROLLER,  THE NEW YORK CITY COMPTROLLER, THE COMMISSIONER OF THE NEW
 YORK CITY DEPARTMENT OF FINANCE, THE COMMISSIONER OF EMPIRE STATE DEVEL-
 OPMENT, THE CHAIR OF THE SENATE BANKS COMMITTEE, THE CHAIR OF THE SENATE
 COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS COMMITTEE,  THE  CHAIR
 OF  THE  ASSEMBLY BANKS COMMITTEE AND THE CHAIR OF THE BANKING IN UNDER-
 SERVED COMMUNITIES SUBCOMMITTEE.
   3. NO LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE  OF  THIS  SECTION,
 THE  WORKING  GROUP  SHALL PROVIDE AN ASSESSMENT OF THE CURRENT STATE OF
 THE BANKING DEVELOPMENT DISTRICT PROGRAM TO THE GOVERNOR AND THE  LEGIS-
 LATURE, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING INFORMATION:
   A.  THE  NUMBER OF PARTICIPATING BANKING DEVELOPMENT DISTRICT BRANCHES
 AND WHERE SUCH BRANCHES ARE LOCATED;
   B. WAYS THE PROGRAM IS HELPING TO SERVE THE UNBANKED  AND  UNDERBANKED
 AS DEFINED IN SUBDIVISION ONE-A OF SECTION NINETY-SIX-D OF THIS ARTICLE;
   C. THE STRENGTHS AND WEAKNESSES OF THE PROGRAM; AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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