Bill Text: NY A07924 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 7924 (Prior Session Legislation)

Introduced

Bill Title: Provides for annual reporting regarding meetings of the state charter advisory board; extends the effectiveness of such board for five years.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-06-09 - substituted by s7090 [A07924 Detail]

Download: New_York-2021-A07924-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          7924

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                      May 28, 2021
                                       ___________

        Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
          tee on Banks

        AN ACT to amend the financial services law, in relation to reporting for
          the  state charter advisory board; and to amend chapter 62 of the laws
          of 2011, relating to constituting chapter  18-A  of  the  consolidated
          laws  relating  to  financial  services,  in relation to extending the
          effectiveness thereof

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

     1    Section  1.  Section 205-b of the financial services law is amended by
     2  adding a new undesignated closing paragraph to read as follows:
     3    The superintendent shall make an annual report no  later  than  thirty
     4  days after the end of each year to the temporary president of the senate
     5  and  the  speaker  of the assembly, which shall include a summary of the
     6  topics discussed at state charter advisory board  meetings  during  such
     7  year,  and  any legislative recommendations related to the topics raised
     8  at such meetings or made by any member of  the  state  charter  advisory
     9  board.
    10    §  2.  Subdivision  (e)  of section 114 of part A of chapter 62 of the
    11  laws of 2011, relating to constituting chapter 18-A of the  consolidated
    12  laws  relating  to  financial services, as amended by chapter 228 of the
    13  laws of 2016, is amended to read as follows:
    14    (e) section 205-b of the financial services law as  added  by  section
    15  one of this act shall expire October 3, [2021] 2026, when upon such date
    16  the provisions of such section shall be deemed repealed;
    17    §  3.  This  act  shall take effect immediately; provided, however the
    18  amendments made to section 205-b of the financial services law  made  by
    19  section  one of this act shall not affect the repeal of such section and
    20  shall be deemed repealed therewith.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11733-02-1