Bill Text: NY A06573 | 2015-2016 | General Assembly | Introduced

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Bill Title: Requires banking institutions to accept the identification cards issued by the consulate generals that were approved by the NYS department of financial services as a valid form of identification for all banking transactions.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2016-01-06 - referred to banks [A06573 Detail]

Download: New_York-2015-A06573-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6573
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 27, 2015
                                      ___________
       Introduced by M. of A. CRESPO -- Multi-Sponsored by -- M. of A. RAMOS --
         read once and referred to the Committee on Banks
       AN ACT to amend the banking law, in relation to requiring banking insti-
         tutions  to accept as valid forms of identification the identification
         issued by the consulate general of the foreign national which has been
         approved for use  by  the  New  York  state  department  of  financial
         services  as  a  valid  form  of identification for all banking trans-
         actions
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The banking law is amended by adding a new section 9-w to
    2  read as follows:
    3    S 9-W. IDENTIFICATION AS A VALID  FORM  OF  IDENTIFICATION.  1.  EVERY
    4  BANKING  INSTITUTION  SHALL ACCEPT AS A VALID FORM OF IDENTIFICATION FOR
    5  ALL BANKING TRANSACTIONS THE  IDENTIFICATION  ISSUED  BY  THE  CONSULATE
    6  GENERAL  OF  THE FOREIGN NATIONAL WHICH HAS BEEN APPROVED FOR USE BY THE
    7  NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES.
    8    2. FOR THE PURPOSES OF THIS SECTION, THE  TERM  "BANKING  INSTITUTION"
    9  SHALL  MEAN  AND  INCLUDE  ALL  BANKS,  TRUST  COMPANIES, SAVINGS BANKS,
   10  SAVINGS AND LOAN ASSOCIATIONS, LICENSED FOREIGN BANKS AND CREDIT UNIONS.
   11    3.  THE DEPARTMENT SHALL REVIEW THE LEGITIMACY OF IDENTIFICATION CARDS
   12  ISSUED BY FOREIGN GOVERNMENTS TO THEIR NATIONALS LIVING IN THE STATE AND
   13  RECOMMEND WHICH ONES, IF ANY, SHOULD BE ACCEPTED BY BANKING INSTITUTIONS
   14  IN  THE STATE AS PROOF OF IDENTIFICATION BY  THE  IDENTIFICATION  HOLDER
   15  FOR THE PURPOSE OF ENGAGING IN BANKING SERVICES.
   16    4. THE DEPARTMENT SHALL RECOMMEND:
   17    (A) OTHER REQUIRED FORMS OF IDENTIFICATION BY FOREIGN NATIONALS LIVING
   18  IN  THE  STATE,  IF  ANY,  TO  SUPPLEMENT VERIFICATION NEEDED BY BANKING
   19  SERVICES IN ORDER TO MEET STANDING  RULES,  REGULATIONS,  OR  LAWS  WITH
   20  REGARDS TO ACCESSING BANKING SERVICES;
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01467-02-5
       A. 6573                             2
    1    (B) ANY LEGISLATIVE MEASURES NECESSARY TO FACILITATE ACCESS TO BANKING
    2  SERVICES  BY FOREIGN NATIONALS WHO ARE CURRENTLY CONSIDERED UNDOCUMENTED
    3  IMMIGRANTS;
    4    (C)  ANY  MEASURES,  IN THE FORM OF RULES, REGULATIONS OR LEGISLATION,
    5  NECESSARY TO ENSURE THAT UNDOCUMENTED IMMIGRANTS WHO CAN  PROVIDE  PROOF
    6  THAT  THEY  HAVE APPLIED FOR THE NEW FEDERAL IMMIGRANT STATUS CLASSIFIED
    7  AS REGISTERED PROVISIONAL IMMIGRANT, HEREINAFTER "RPI", HAVE  ACCESS  TO
    8  BANKING  SERVICES WHILE SUCH PERSONS WAIT FOR OFFICIAL FEDERAL IDENTIFI-
    9  CATION; AND
   10    (D) A TIMEFRAME FOR REQUIRING BANKING SERVICES TO ACCEPT  THE  FOREIGN
   11  IDENTIFICATION AND TEMPORARY PROOF OF APPLYING FOR RPI TO ACCESS BANKING
   12  SERVICES  AND WHETHER THE FOREIGN ISSUED IDENTIFICATION SHALL BE PART OF
   13  THE TEMPORARY IDENTIFICATION REQUIREMENTS THAT CAN  BE  REQUESTED  BY  A
   14  BANKING INSTITUTION.
   15    S 2. This act shall take effect immediately.