Senate Bill S8147B

2023-2024 Legislative Session

Creates a banking development district working group

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

2023-S8147 - Details

See Assembly Version of this Bill:
A9636
Current Committee:
Assembly Ways And Means
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-S8147 - 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-S8147 - Sponsor Memo

2023-S8147 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8147
 
                             I N  S E N A T E
 
                              January 9, 2024
                                ___________
 
 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  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-S8147A - Details

See Assembly Version of this Bill:
A9636
Current Committee:
Assembly Ways And Means
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-S8147A - 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-S8147A - Sponsor Memo

2023-S8147A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8147--A
 
                             I N  S E N A T E
 
                              January 9, 2024
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks -- reported  favora-
   bly  from  said committee and committed to the Committee on Finance --
   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.
   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 ATTORNEY GENERAL OF THE STATE OF NEW YORK, OR  THE  ATTORNEY
 GENERAL'S  DESIGNEE,  THE CHAIR OF THE SENATE BANKS COMMITTEE, THE CHAIR
 OF THE SENATE COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS  COMMIT-
 TEE,  THE  CHAIR  OF  THE  ASSEMBLY BANKS COMMITTEE AND THE CHAIR OF THE
 BANKING IN UNDERSERVED 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;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2023-S8147B (ACTIVE) - Details

See Assembly Version of this Bill:
A9636
Current Committee:
Assembly Ways And Means
Law Section:
Banking Law
Laws Affected:
Add §96-dd, amd §96-d, Bank L

2023-S8147B (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-S8147B (ACTIVE) - Sponsor Memo

2023-S8147B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8147--B
 
                             I N  S E N A T E
 
                              January 9, 2024
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks -- reported  favora-
   bly  from  said committee and committed to the Committee on Finance --
   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 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;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.