NY State Senate Bill 2023-S6837

Senate Bill S6837

2023-2024 Legislative Session

Prohibits the state university of New York and the city university of New York from permitting any persons to solicit persons to become holders of credit cards unless credit education courses are provided

download bill text pdf

Current Bill Status - In Senate Committee Banks 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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to banks
May 11, 2023	referred to banks

2023-S6837 (ACTIVE) - Details

Current Committee:: Senate Banks
Law Section:: Banking Law
Laws Affected:: Add Art 17 §§9500 & 9501, Bank L; add §§355-f & 6204-b, Ed L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S1932
2011-2012: S1487
2013-2014: S1630
2015-2016: S1725
2017-2018: S3426
2019-2020: S4545
2021-2022: S5284

2023-S6837 (ACTIVE) - Summary

2023-S6837 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S6837

SPONSOR: PARKER
 
TITLE OF BILL:

An act to amend the banking law and the education law, in relation to
prohibiting the state university of New York and the city university of
New York from permitting any persons to solicit persons to become hold-
ers of credit cards unless credit education courses are provided

 
PURPOSE OR GENERAL IDEA OF THE BILL:

The establishment of credit education courses for college students
interested becoming card holders.

 
SUMMARY OF SPECIFIC PROVISIONS:

Amends the banking law by adding section 9500 to prohibit the State
University of New York from permitting the solicitation of credit cards
on campuses to enrolled students unless credit education courses are
provided. Amends the banking law by adding section 9501 to prohibit the
City University of New York from permitting the solicitation of credit

cards on campuses to enrolled students unless credit education courses
are provided. Amends the education law by adding section 355-f to
prohibit the State University of New York from permitting the solicita-
tion of credit cards on campuses to enrolled students unless credit
education courses are provided.  Amends the education law by adding
section 6204-b to prohibit the City University of New York from permit-
ting the solicitation of credit cards on campuses to enrolled students
unless credit education courses are provided.

 
JUSTIFICATION:

With the rising cost of tuition at SUNY and CUNY campuses, sound budget-
ary spending by enrolled students is more important than ever before.
Many students on State and City University campuses acquire credit cards
because there is an open door policy permitting solicitation. Credit
card companies target young college students because of their necessity
to purchase numerous goods and services throughout their educational
experience. More often than not, these credit card solicitors fail to
warn college students of the responsibilities involved with being credit
card holders. We believe this is unacceptable negligence on the part of
the credit card solicitors. The goal of this bill is to educate young
college students about credit awareness and the repercussions of falling
into credit indebtedness. It is our hope that credit education courses
become a mandatory element in qualification for students of both SUNY
and CUNY campuses requesting to become credit card holders, for their
own protection.

 
PRIOR LEGISLATIVE HISTORY:

2021-22: S.5284 - Referred to Banks

2019-20: S.4545 - Referred to Banks

2017-18: S.3426 - REFERRED TO BANKS

2015-16: S.1725 - Referred to Banks

2013-14: S.1630 - Died in Banks

2011-12: S.1467/A.1361 - Referred to Banks

2009-10: S.1932/A173 - Referred to Banks

2007-08: S.3783/A.3034 - Referred to Banks

2005-06: S.1639/A.10573 - Referred to Banks

 
FISCAL IMPLICATIONS:

None to state government.

 
EFFECTIVE DATE:
This act shall take effect on the first of September next succeeding the
date on which it shall have become law. Effective immediately, the addi-
tion, amendment and/or repeal of any rule or regulation necessary for
the implementation of this act on its effective date are authorized to
be made and completed on or before such effective date.

2023-S6837 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6837
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 11, 2023
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law and the education law,  in  relation  to
   prohibiting  the  state university of New York and the city university
   of New York from permitting any persons to solicit persons  to  become
   holders of credit cards unless credit education courses are provided
 
   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 article  17  to
 read as follows:
                                ARTICLE XVII
            CREDIT CARD SOLICITATION; CREDIT EDUCATION COURSES
 SECTION 9500. PROHIBITION  OF  SOLICITING  PERSONS TO BECOME CREDIT CARD
                 HOLDERS AT THE STATE UNIVERSITY OF NEW YORK UNLESS CRED-
                 IT EDUCATION COURSES ARE PROVIDED.
         9501. PROHIBITION OF SOLICITING PERSONS TO  BECOME  CREDIT  CARD
                 HOLDERS AT THE CITY UNIVERSITY OF NEW YORK UNLESS CREDIT
                 EDUCATION COURSES ARE PROVIDED.
   §  9500. PROHIBITION OF SOLICITING PERSONS TO BECOME CREDIT CARD HOLD-
 ERS AT THE STATE UNIVERSITY OF NEW YORK UNLESS CREDIT EDUCATION  COURSES
 ARE  PROVIDED.  THE  STATE  UNIVERSITY  OF NEW YORK SHALL NOT PERMIT ANY
 PERSON, INCLUDING AN ISSUER OF CREDIT CARDS, AS DEFINED  IN  SUBDIVISION
 THREE  OF  SECTION  FIVE  HUNDRED ELEVEN OF THE GENERAL BUSINESS LAW, TO
 SOLICIT PERSONS ON THE PROPERTY OF THE STATE UNIVERSITY OF NEW  YORK  TO
 BECOME  HOLDERS  OF  CREDIT CARDS, NOR SHALL THE STATE UNIVERSITY OF NEW
 YORK ENTER INTO ANY AGREEMENT ALLOWING ANY PERSON TO SOLICIT PERSONS  TO
 BECOME HOLDERS OF CREDIT CARDS THROUGH THE STATE UNIVERSITY OF NEW YORK,
 UNLESS  SUCH  PERSON  OFFERS AND PROVIDES COURSES IN CREDIT EDUCATION TO
 STUDENTS ENROLLED IN THE STATE UNIVERSITY  OF  NEW  YORK.  SUCH  COURSES
 SHALL BE GIVEN IN ACCORDANCE WITH RULES AND REGULATIONS TO BE PROMULGAT-
 ED BY THE COMMISSIONER OF EDUCATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07906-01-3

 S. 6837                             2
 
   §  9501. PROHIBITION OF SOLICITING PERSONS TO BECOME CREDIT CARD HOLD-
 ERS AT THE CITY UNIVERSITY OF NEW YORK UNLESS CREDIT  EDUCATION  COURSES
 ARE  PROVIDED.  THE  CITY  UNIVERSITY  OF  NEW YORK SHALL NOT PERMIT ANY
 PERSON, INCLUDING AN ISSUER OF CREDIT CARDS, AS DEFINED  IN  SUBDIVISION
 THREE  OF  SECTION  FIVE  HUNDRED ELEVEN OF THE GENERAL BUSINESS LAW, TO
 SOLICIT PERSONS ON THE PROPERTY OF THE CITY UNIVERSITY OF  NEW  YORK  TO
 BECOME  HOLDERS  OF  CREDIT  CARDS, NOR SHALL THE CITY UNIVERSITY OF NEW
 YORK ENTER INTO ANY AGREEMENT ALLOWING ANY PERSON TO SOLICIT PERSONS  TO
 BECOME  HOLDERS OF CREDIT CARDS THROUGH THE CITY UNIVERSITY OF NEW YORK,
 UNLESS SUCH PERSON OFFERS AND PROVIDES COURSES IN  CREDIT  EDUCATION  TO
 STUDENTS ENROLLED IN THE CITY UNIVERSITY OF NEW YORK. SUCH COURSES SHALL
 BE  GIVEN  IN ACCORDANCE WITH RULES AND REGULATIONS TO BE PROMULGATED BY
 THE COMMISSIONER OF EDUCATION.
   § 2.  The education law is amended by adding a new  section  355-f  to
 read as follows:
   § 355-F. PROHIBITION OF SOLICITING PERSONS TO BECOME CREDIT CARD HOLD-
 ERS  UNLESS  CREDIT EDUCATION COURSES ARE PROVIDED. THE STATE UNIVERSITY
 OF NEW YORK SHALL NOT PERMIT ANY PERSON, INCLUDING AN ISSUER  OF  CREDIT
 CARDS, AS DEFINED IN SUBDIVISION THREE OF SECTION FIVE HUNDRED ELEVEN OF
 THE  GENERAL  BUSINESS  LAW,  TO  SOLICIT PERSONS ON THE PROPERTY OF THE
 STATE UNIVERSITY OF NEW YORK TO BECOME  HOLDERS  OF  CREDIT  CARDS,  NOR
 SHALL THE STATE UNIVERSITY OF NEW YORK ENTER INTO ANY AGREEMENT ALLOWING
 ANY  PERSON TO SOLICIT PERSONS TO BECOME HOLDERS OF CREDIT CARDS THROUGH
 THE STATE UNIVERSITY OF NEW YORK, UNLESS SUCH PERSON OFFERS AND PROVIDES
 COURSES IN CREDIT EDUCATION TO STUDENTS ENROLLED IN THE STATE UNIVERSITY
 OF NEW YORK. SUCH COURSES SHALL BE GIVEN IN ACCORDANCE  WITH  RULES  AND
 REGULATIONS TO BE PROMULGATED BY THE COMMISSIONER.
   §  3.  The  education law is amended by adding a new section 6204-b to
 read as follows:
   § 6204-B. PROHIBITION OF SOLICITING  PERSONS  TO  BECOME  CREDIT  CARD
 HOLDERS UNLESS CREDIT EDUCATION COURSES ARE PROVIDED. THE CITY UNIVERSI-
 TY OF NEW YORK SHALL NOT PERMIT ANY PERSON, INCLUDING AN ISSUER OF CRED-
 IT CARDS, AS DEFINED IN SUBDIVISION THREE OF SECTION FIVE HUNDRED ELEVEN
 OF  THE  GENERAL BUSINESS LAW, TO SOLICIT PERSONS ON THE PROPERTY OF THE
 CITY UNIVERSITY OF NEW YORK TO BECOME HOLDERS OF CREDIT CARDS, NOR SHALL
 THE CITY UNIVERSITY OF NEW YORK ENTER INTO ANY  AGREEMENT  ALLOWING  ANY
 PERSON  TO SOLICIT PERSONS TO BECOME HOLDERS OF CREDIT CARDS THROUGH THE
 CITY UNIVERSITY OF NEW YORK, UNLESS  SUCH  PERSON  OFFERS  AND  PROVIDES
 COURSES  IN CREDIT EDUCATION TO STUDENTS ENROLLED IN THE CITY UNIVERSITY
 OF NEW YORK. SUCH COURSES SHALL BE GIVEN IN ACCORDANCE  WITH  RULES  AND
 REGULATIONS TO BE PROMULGATED BY THE COMMISSIONER.
   §  4.  This  act  shall  take  effect  on  the first of September next
 succeeding the date on which it shall have become a law. Effective imme-
 diately, the addition, amendment and/or repeal of any rule or regulation
 necessary for the implementation of this act on its effective  date  are
 authorized to be made and completed on or before such effective date.

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