Bill Text: NY A05471 | 2017-2018 | General Assembly | Introduced

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Bill Title: Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Spectrum: Slight Partisan Bill (Democrat 6-2)

Status: (Introduced - Dead) 2018-01-03 - referred to banks [A05471 Detail]

Download: New_York-2017-A05471-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5471
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 9, 2017
                                       ___________
        Introduced by M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. BRONSON,
          DenDEKKER,  GOODELL,  HOOPER, McDONOUGH, M. G. MILLER -- read once and
          referred to the Committee on Banks
        AN ACT to amend the banking law, in relation to requiring licensed cash-
          ers of checks to file suspicious activity reports
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Section 371 of the banking law, as added by chapter 151 of
     2  the laws of 1945, is amended to read as follows:
     3    § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
     4  empowered to make such rules and regulations, and such specific rulings,
     5  demands,  and  findings  as  he or she may deem necessary for the proper
     6  conduct of the business  authorized  and  licensed  under  and  for  the
     7  enforcement  of  this  article,  in addition hereto and not inconsistent
     8  herewith.  Such rules, regulations, rulings, demands and findings  shall
     9  include,  but not be limited to, requiring licensed cashers of checks to
    10  file suspicious activity reports.
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09491-01-7