New York Assembly Bill 7024

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 10 2023 - 25% progression
Action: 2024-01-03 - referred to codes
Pending: Assembly Codes Committee
Text: Latest bill text (Introduced) [HTML]

Authorizes fiat-collateralized stablecoins as a form of bail; directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to promulgate rules and regulations identifying forms of fiat-collateralized stablecoin acceptable for posting bail to establish a system for the administration of the acceptance, recording and processing of stablecoins as a means of securing bail.

Authorizes fiat-collateralized stablecoins as a form of bail; directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to promulgate rules and regulations identifying forms of fiat-collateralized stablecoin acceptable for posting bail to establish a system for the administration of the acceptance, recording and processing of stablecoins as a means of securing bail.

Asm. Latrice Walker [D]

Date	Chamber	Action
2024-01-03	Assembly	referred to codes
2023-05-10	Assembly	referred to codes

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2023/A7024
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A07024&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07024