Bill Text: NY A07675 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities to August 1, 2025.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-06-21 - substituted by s6930 [A07675 Detail]

Download: New_York-2023-A07675-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7675

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      June 2, 2023
                                       ___________

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

        AN  ACT  to  amend chapter 591 of the laws of 2001, amending the banking
          law relating to limiting the  check  cashing  exemption  for  national
          banks  and  other regulated entities, in relation to the effectiveness
          of such chapter

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

     1    Section  1.  Section 2 of chapter 591 of the laws of 2001 amending the
     2  banking law  relating  to  limiting  the  check  cashing  exemption  for
     3  national  banks  and other regulated entities, as amended by chapter 182
     4  of the laws of 2018, is amended to read as follows:
     5    § 2. This act shall take effect immediately and shall  expire  and  be
     6  deemed repealed August 1, [2023] 2025.
     7    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11426-01-3