Bill Text: NY S06930 | 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: (Passed) 2023-07-28 - SIGNED CHAP.274 [S06930 Detail]

Download: New_York-2023-S06930-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6930

                               2023-2024 Regular Sessions

                    IN SENATE

                                      May 15, 2023
                                       ___________

        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed 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     6  deemed repealed August 1, [2023] 2025.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