Bill Text: NY A07388 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 7388

Introduced

Bill Title: Relates to sharing information obtained from applicants and licensees and requesting financial institutions for the purpose of consideration and compliance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2023-11-17 - signed chap.647 [A07388 Detail]

Download: New_York-2023-A07388-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          7388

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 19, 2023
                                       ___________

        Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
          Committee on Banks

        AN ACT to amend the cannabis law, in  relation  to  sharing  information
          obtained from applicants and licensees

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 11 of the cannabis law is amended by adding  a  new
     2  subdivision 16 to read as follows:
     3    16.  To  share  any  and  all information obtained from applicants and
     4  licensees, as defined in section three of this  chapter,  to  requesting
     5  financial  institutions for the purpose of consideration and compliance,
     6  with the consent of such applicants and licensees.
     7    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02681-05-3