STATE OF NEW YORK ________________________________________________________________________ 6697 2019-2020 Regular Sessions IN ASSEMBLY March 15, 2019 ___________ Introduced by M. of A. CRESPO -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to proof of identification for foreign born nationals 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 6-n to 2 read as follows: 3 § 6-n. Proof of identification for foreign born nationals. 1. Every 4 banking institution transacting business in this state shall follow 5 guidelines issued by the New York state department of financial services 6 as to what shall be accepted as a valid form of identification for all 7 banking transactions and services. 8 2. The New York state department of financial services shall (a) 9 complete a review of the validity of consular identifications issued by 10 foreign governments to their citizens living in New York state by 11 September first, two thousand nineteen; (b) issue guidelines to banking 12 institutions as to what shall be accepted as a valid form of identifica- 13 tion for all banking transactions and services by November first, two 14 thousand nineteen; and (c) examine how deferred action for childhood 15 arrivals and registered provisional immigrant status documentation can 16 be used by foreign born nationals to open bank accounts and report its 17 findings by September first, two thousand nineteen. 18 3. For the purposes of this section, the term "banking institution" 19 shall mean and include all banks, trust companies, savings banks, 20 savings and loan associations, licensed foreign banks and credit unions. 21 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10526-01-9