Senate Bill S4531

2025-2026 Legislative Session

Relates to unlawful dealing in real property

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Codes 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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2025-S4531 (ACTIVE) - Details

See Assembly Version of this Bill:
A4139
Current Committee:
Senate Codes
Law Section:
Penal Law
Laws Affected:
Add §190.95, Pen L
Versions Introduced in Other Legislative Sessions:
2019-2020: S3403
2021-2022: S1191
2023-2024: S452, A8357

2025-S4531 (ACTIVE) - Summary

Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.

2025-S4531 (ACTIVE) - Sponsor Memo

2025-S4531 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4531
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 6, 2025
                                ___________
 
 Introduced  by  Sens. GIANARIS, RAMOS -- read twice and ordered printed,
   and when printed to be committed to the Committee on Codes
 
 AN ACT to amend the penal law, in relation to unlawful dealing  in  real
   property
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The penal law is amended by adding a new section 190.95  to
 read as follows:
 § 190.95 UNLAWFUL DEALING IN REAL PROPERTY.
   A  PERSON  IS  GUILTY  OF  UNLAWFUL DEALING IN REAL PROPERTY WHEN SUCH
 PERSON USES MATERIAL GOVERNMENTAL INFORMATION WHICH SUCH PERSON KNOWS OR
 HAS REASON TO KNOW IS NON-PUBLIC TO PURCHASE OR SELL REAL PROPERTY BASED
 ON AN EXPECTED CHANGE IN VALUE OF SUCH PROPERTY RELATING TO SUCH MATERI-
 AL GOVERNMENTAL INFORMATION. FOR PURPOSES  OF  THIS  SECTION,  "MATERIAL
 GOVERNMENTAL  INFORMATION" IS ANY MATERIAL INFORMATION ABOUT THE CERTAIN
 AWARDING OR APPROVAL OF TAX INCENTIVES, TAX ABATEMENT, PAYMENTS IN  LIEU
 OF  TAXES,  BONDS, NOTES, LOANS, GRANTS, REBATES, CONTRACTS, LAND USE OR
 ENVIRONMENTAL DECISIONS, INCLUDING  BUT  NOT  LIMITED  TO  PLANNING  AND
 ZONING APPROVALS AND STATE ENVIRONMENTAL QUALITY REVIEW ACT STATUTES AND
 REGULATIONS, BY ANY STATE OR LOCAL GOVERNMENTAL ENTITY INCLUDING BUT NOT
 LIMITED  TO  AUTHORITIES,  BOARDS,  COMMISSIONS,  INDUSTRIAL DEVELOPMENT
 AGENCIES, AND REGIONAL ECONOMIC DEVELOPMENT COUNCILS.
   UNLAWFUL DEALING IN REAL PROPERTY IS A CLASS A MISDEMEANOR.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01615-01-5

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