Senate Bill S4746B

2023-2024 Legislative Session

Requires fashion sellers to be accountable to standardized environmental and social due diligence policies, and establishes a fashion remediation fund

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Consumer Protection 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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Bill Amendments

co-Sponsors

2023-S4746 - Details

See Assembly Version of this Bill:
A4333
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §399-mm, Gen Bus L; add §97-ccc, St Fin L
Versions Introduced in 2021-2022 Legislative Session:
S7428, A8352

2023-S4746 - Summary

Requires fashion sellers to be accountable to standardized environmental due diligence policies; establishes a fashion remediation fund.

2023-S4746 - Sponsor Memo

2023-S4746 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4746
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 14, 2023
                                ___________
 
 Introduced  by  Sens.  HOYLMAN-SIGAL,  BRISPORT, JACKSON, KAVANAGH, LIU,
   MAY, RIVERA, SALAZAR -- read  twice  and  ordered  printed,  and  when
   printed to be committed to the Committee on Consumer Protection
 
 AN ACT to amend the general business law, in relation to requiring fash-
   ion  sellers  to be accountable to environmental and social standards;
   and to amend the state finance law,  in  relation  to  establishing  a
   fashion remediation fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "Fashion sustainability and social accountability act".
   §  2. The general business law is amended by adding a new section 399-
 mm to read as follows:
   § 399-MM. FASHION SUSTAINABILITY AND SOCIAL ACCOUNTABILITY  ACT.    1.
 DEFINITIONS. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE
 FOLLOWING MEANINGS:
   (A) "DOING BUSINESS IN THIS STATE" SHALL MEAN ACTIVELY ENGAGING IN ANY
 TRANSACTION FOR THE PURPOSE OF FINANCIAL OR PECUNIARY GAIN OR PROFIT.
   (B)  "GROSS RECEIPTS" SHALL MEAN THE GROSS AMOUNTS REALIZED, OTHERWISE
 KNOWN AS THE SUM OF MONEY AND THE FAIR MARKET VALUE OF OTHER PROPERTY OR
 SERVICES RECEIVED, ON THE SALE OR EXCHANGE OF PROPERTY, THE  PERFORMANCE
 OF  SERVICES, OR THE USE OF PROPERTY OR CAPITAL, INCLUDING RENTS, ROYAL-
 TIES, INTEREST, AND DIVIDENDS, IN A TRANSACTION THAT  PRODUCES  BUSINESS
 INCOME,  IN  WHICH  THE INCOME, GAIN, OR LOSS IS RECOGNIZED, OR WOULD BE
 RECOGNIZED IF THE TRANSACTION WERE  IN  THE  UNITED  STATES,  UNDER  THE
 INTERNAL  REVENUE  CODE,  AS  APPLICABLE  FOR  PURPOSES OF THIS SECTION.
 AMOUNTS REALIZED ON THE SALE  OR  EXCHANGE  OF  PROPERTY  SHALL  NOT  BE
 REDUCED  BY  THE COST OF GOODS SOLD OR THE BASIS OF PROPERTY SOLD. GROSS
 RECEIPTS, EVEN IF BUSINESS  INCOME,  SHALL  NOT  INCLUDE  THE  FOLLOWING
 ITEMS:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03469-02-3
 S. 4746                             2
              

co-Sponsors

2023-S4746A - Details

See Assembly Version of this Bill:
A4333
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §399-mm, Gen Bus L; add §97-ccc, St Fin L
Versions Introduced in 2021-2022 Legislative Session:
S7428, A8352

2023-S4746A - Summary

Requires fashion sellers to be accountable to standardized environmental due diligence policies; establishes a fashion remediation fund.

2023-S4746A - Sponsor Memo

2023-S4746A - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4746--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 14, 2023
                                ___________
 
 Introduced  by  Sens.  HOYLMAN-SIGAL,  BRISPORT, CHU, CLEARE, FERNANDEZ,
   GIANARIS, GONZALEZ, GOUNARDES, HARCKHAM, HINCHEY,  JACKSON,  KAVANAGH,
   KRUEGER,  LIU,  MANNION, MAY, MYRIE, RIVERA, RYAN, SALAZAR, SEPULVEDA,
   SERRANO, SKOUFIS, WEBB -- read twice and  ordered  printed,  and  when
   printed  to  be  committed  to the Committee on Consumer Protection --
   recommitted to the Committee on Consumer Protection in accordance with
   Senate Rule 6, sec. 8 -- committee discharged, bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the general business law, in relation to requiring fash-
   ion  sellers  to  be accountable to environmental standards and estab-
   lishing the interstate fashion environment accountability act compact;
   and to amend the state finance law,  in  relation  to  establishing  a
   fashion remediation fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "Fashion environmental accountability act".
   §  2.  The  general business law is amended by adding two new sections
 399-mm and 399-mmm to read as follows:
   § 399-MM. FASHION ENVIRONMENTAL ACCOUNTABILITY ACT.   1.  DEFINITIONS.
 AS  USED  IN  THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING
 MEANINGS:
   (A) "DOING BUSINESS IN THIS STATE" SHALL MEAN ACTIVELY ENGAGING IN ANY
 TRANSACTION FOR THE PURPOSE OF FINANCIAL OR PECUNIARY GAIN OR PROFIT.
   (B) "GROSS RECEIPTS" SHALL MEAN THE GROSS AMOUNTS REALIZED,  OTHERWISE
 KNOWN AS THE SUM OF MONEY AND THE FAIR MARKET VALUE OF OTHER PROPERTY OR
 SERVICES  RECEIVED, ON THE SALE OR EXCHANGE OF PROPERTY, THE PERFORMANCE
 OF SERVICES, OR THE USE OF PROPERTY OR CAPITAL, INCLUDING RENTS,  ROYAL-
 TIES,  INTEREST,  AND DIVIDENDS, IN A TRANSACTION THAT PRODUCES BUSINESS
 INCOME, IN WHICH THE INCOME, GAIN, OR LOSS IS RECOGNIZED,  OR  WOULD  BE
 RECOGNIZED  IF  THE  TRANSACTION  WERE  IN  THE UNITED STATES, UNDER THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03469-06-4
              

co-Sponsors

2023-S4746B (ACTIVE) - Details

See Assembly Version of this Bill:
A4333
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §399-mm, Gen Bus L; add §97-ccc, St Fin L
Versions Introduced in 2021-2022 Legislative Session:
S7428, A8352

2023-S4746B (ACTIVE) - Summary

Requires fashion sellers to be accountable to standardized environmental due diligence policies; establishes a fashion remediation fund.

2023-S4746B (ACTIVE) - Sponsor Memo

2023-S4746B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4746--B
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 14, 2023
                                ___________
 
 Introduced  by  Sens.  HOYLMAN-SIGAL,  BRISPORT, CHU, CLEARE, FERNANDEZ,
   GIANARIS, GONZALEZ, GOUNARDES, HARCKHAM, HINCHEY,  JACKSON,  KAVANAGH,
   KRUEGER,  LIU,  MANNION, MAY, MYRIE, RIVERA, RYAN, SALAZAR, SEPULVEDA,
   SERRANO, SKOUFIS, WEBB -- read twice and  ordered  printed,  and  when
   printed  to  be  committed  to the Committee on Consumer Protection --
   recommitted to the Committee on Consumer Protection in accordance with
   Senate Rule 6, sec. 8 -- committee discharged, bill  amended,  ordered
   reprinted  as  amended  and recommitted to said committee -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the general business law, in relation to requiring fash-
   ion sellers to be accountable to environmental  standards  and  estab-
   lishing  the interstate fashion environment accountability act; and to
   amend the state finance law, in relation  to  establishing  a  fashion
   remediation fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "fashion environmental accountability act".
   §  2. The general business law is amended by adding a new section 399-
 mm to read as follows:
   § 399-MM. FASHION ENVIRONMENTAL ACCOUNTABILITY ACT.   1.  DEFINITIONS.
 AS  USED  IN  THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING
 MEANINGS:
   (A) "DOING BUSINESS IN THIS STATE" SHALL MEAN ACTIVELY ENGAGING IN ANY
 TRANSACTION FOR THE PURPOSE OF FINANCIAL OR PECUNIARY GAIN OR PROFIT.
   (B) "GROSS RECEIPTS" SHALL MEAN THE GROSS AMOUNTS REALIZED,  OTHERWISE
 KNOWN AS THE SUM OF MONEY AND THE FAIR MARKET VALUE OF OTHER PROPERTY OR
 SERVICES  RECEIVED, ON THE SALE OR EXCHANGE OF PROPERTY, THE PERFORMANCE
 OF SERVICES, OR THE USE OF PROPERTY OR CAPITAL, INCLUDING RENTS,  ROYAL-
 TIES,  INTEREST,  AND DIVIDENDS, IN A TRANSACTION THAT PRODUCES BUSINESS
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03469-12-4
              

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