Bill Text: NY A01515 | 2025-2026 | General Assembly | Introduced

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Bill Title: Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Spectrum: Moderate Partisan Bill (Democrat 7-1)

Status: (Introduced) 2025-01-10 - referred to banks [A01515 Detail]

Download: New_York-2025-A01515-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1515

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 10, 2025
                                       ___________

        Introduced  by  M.  of A. WEPRIN, SIMON, RAGA, SEAWRIGHT, DE LOS SANTOS,
          TAYLOR -- Multi-Sponsored by -- M. of A. BRONSON,  McDONOUGH  --  read
          once and referred to the Committee on Banks

        AN ACT to amend the banking law, in relation to requiring licensed cash-
          ers of checks to file suspicious activity reports

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

     1    Section 1. Section 371 of the banking law, as added by chapter 151  of
     2  the laws of 1945, is amended to read as follows:
     3    § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
     4  empowered to make such rules and regulations, and such specific rulings,
     5  demands, and findings as [he] such superintendent may deem necessary for
     6  the proper conduct of the business authorized and licensed under and for
     7  the enforcement of this article, in addition hereto and not inconsistent
     8  herewith.  Such rules, regulations, rulings, demands and findings  shall
     9  include,  but not be limited to, requiring licensed cashers of checks to
    10  file suspicious activity reports.
    11    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03571-01-5