Bill Text: NY A08737 | 2017-2018 | General Assembly | Introduced
Bill Title: Directs the New York state department of financial services and the New York state department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state and to make recommendations for a consumer awareness and financial education program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to banks [A08737 Detail]
Download: New_York-2017-A08737-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8737 2017-2018 Regular Sessions IN ASSEMBLY October 20, 2017 ___________ Introduced by M. of A. SEAWRIGHT -- read once and referred to the Committee on Banks AN ACT to direct the New York state department of financial services and the New York state department of state's consumer protection division to conduct a study on consumer awareness and financial education in New York state and to make recommendations for a consumer awareness and financial education program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The superintendent of financial services, in conjunction 2 with the commissioner of the New York state department of state are 3 hereby authorized and directed to prepare or have prepared a study of 4 the status of consumer awareness and financial education in New York 5 state and to provide recommendations for a consumer awareness and finan- 6 cial education program for all New York state consumers. Such study 7 shall include, but not be limited to, an analysis of consumer and finan- 8 cial education provided to New York state consumers, the amount of debt 9 incurred by age, gender and location in New York state, access to bank- 10 ing services by age, gender and location in New York state, and access 11 to investment services by age, gender and location in New York state. 12 § 2. Such study and recommendations shall be completed within twelve 13 months of the effective date of this act. 14 § 3. This act shall take effect on the one hundred twentieth day after 15 it shall have become a law and the results of such study and the remedi- 16 al plan shall be provided to the governor and the legislature no later 17 than eighteen months from the beginning of such study. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13462-01-7