New York S 8406: Provides for minimum wage requirements for miscellaneous industry workers

Bill Text

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S08406 Summary:

BILL NOS08406 

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SAME ASSAME AS A09573

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Amd §87, Bank L

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Relates to the community bank deposit program; increases the maximum amount of funds on deposit at a community banking institution to thirty million dollars.

Go to top S08406 Actions:

BILL NOS08406 

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06/09/2025REFERRED TO RULES

06/12/2025ORDERED TO THIRD READING CAL.1943

06/12/2025PASSED SENATE

06/12/2025DELIVERED TO ASSEMBLY

06/12/2025referred to banks

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO BANKS

01/28/20261ST REPORT CAL.189

01/29/20262ND REPORT CAL.

02/03/2026ADVANCED TO THIRD READING 

02/04/2026PASSED SENATE

02/04/2026DELIVERED TO ASSEMBLY

02/05/2026referred to banks

Go to topS08406 Committee&nbspVotes:

Go to topS08406 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08406 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8406

 2025-2026 Regular Sessions

 IN SENATE

 June 9, 2025
 ___________

 Introduced by Sen. SANDERS -- (at request of the State Comptroller) --
 read twice and ordered printed, and when printed to be committed to
 the Committee on Rules

 AN ACT to amend the banking law, in relation to the community bank
 deposit program

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

 1 Section 1. Subdivision 2 of section 87 of the banking law, as amended
 2 by chapter 495 of the laws of 2013, is amended to read as follows:
 3 2. The maximum amount of funds which the state comptroller and the
 4 commissioner of taxation and finance may deposit under this program
 5 shall not exceed two hundred fifty million dollars each. The maximum
 6 amount of funds on deposit at a community banking institution shall not
 7 exceed [twenty] thirty million dollars.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13338-01-5

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