New York S 8199: Relates to amending the constitution to prohibit an immediate vote to be called on budget bills

Bill Text

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S08199 Summary:

BILL NOS08199 

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SAME ASSAME AS A08705

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Directs the department of financial services to conduct a study on the banking development district program and to make recommendations to improve such program.

Go to top S08199 Actions:

BILL NOS08199 

&nbsp

05/20/2025REFERRED TO BANKS

05/27/20251ST REPORT CAL.1289

05/28/20252ND REPORT CAL.

05/29/2025ADVANCED TO THIRD READING 

06/05/2025PASSED SENATE

06/05/2025DELIVERED TO ASSEMBLY

06/05/2025referred to ways and means

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO BANKS

04/28/20261ST REPORT CAL.856

04/29/20262ND REPORT CAL.

05/04/2026ADVANCED TO THIRD READING 

05/11/2026PASSED SENATE

05/11/2026DELIVERED TO ASSEMBLY

05/11/2026referred to ways and means

05/29/2026substituted for a8705

05/29/2026ordered to third reading rules cal.268

Go to topS08199 Committee&nbspVotes:

Go to topS08199 Floor&nbspVotes:

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

Go to topS08199 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8199

 2025-2026 Regular Sessions

 IN SENATE

 May 20, 2025
 ___________

 Introduced by Sen. SANDERS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Banks

 AN ACT to direct the department of financial services to conduct a study
 on the banking development district program and to make recommenda-
 tions to improve such program

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

 1 Section 1. The superintendent of financial services is hereby author-
 2 ized and directed to prepare or have prepared a study of the banking
 3 development district program and to provide recommendations to improve
 4 this program for the purpose of making financial services accessible to
 5 unbanked and underbanked communities and households. Such study shall
 6 include, but not be limited to:
 7 1. analysis of the location and demographics of underbanked communi-
 8 ties and households in New York state and the causes of underbanked
 9 communities and households in New York state;
 10 2. review of the banking development district program listing all the
 11 participating financial institutions and their local economic impact,
 12 including number of loans and customers; and
 13 3. recommendations on how it could be improved and increase the number
 14 of participating financial institutions.
 15 § 2. Such study and recommendations shall be completed and provided to
 16 the governor and the legislature within twelve months of the effective
 17 date of this act.
 18 § 3. As used in this act the term "underbanked" shall mean having
 19 insufficient access to financial institutions for the purpose of banking
 20 and investment services.
 21 § 4. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13168-01-5

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