NY S01992 | 2025-2026 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 31-0)
Status: Introduced on January 14 2025 - 25% progression
Action: 2025-01-14 - REFERRED TO BANKS
Pending: Senate Banks Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 14 2025 - 25% progression
Action: 2025-01-14 - REFERRED TO BANKS
Pending: Senate Banks Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Title
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-14 | Senate | REFERRED TO BANKS |
