Senate Bill S6648

2023-2024 Legislative Session

Includes participation in a banking development district as a factor when assessing a banking institution's record of performance

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Current Bill Status - Delivered to Governor

  • 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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2023-S6648 (ACTIVE) - Details

See Assembly Version of this Bill:
A6090
Law Section:
Banking Law
Laws Affected:
Amd §28-b, Bank L

2023-S6648 (ACTIVE) - Summary

Includes participation in a banking development district as a factor when assessing a banking institution's record of performance in relation to the Community Reinvestment Act of 1977.

2023-S6648 (ACTIVE) - Sponsor Memo

2023-S6648 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6648
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                May 3, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law, in relation to including  participation
   in a banking development district as a factor when assessing a banking
   institution's record of performance

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 3 of section 28-b of the bank-
 ing law is by adding a new subparagraph 10-a to read as follows:
   (10-A) THE BANKING INSTITUTION'S PARTICIPATION IN THE BANKING DEVELOP-
 MENT DISTRICT PROGRAM BY ESTABLISHING A BRANCH IN SUCH DISTRICT PURSUANT
 TO SECTION NINETY-SIX-D OF THIS CHAPTER;
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10304-02-3

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