New York S 8279: Relates to the offenses of rape in the first, second and third degrees; repealer

Bill Text

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S08279 Summary:

BILL NOS08279 

&nbsp

SAME ASSAME AS A08761

&nbsp

SPONSORSEPULVEDA

&nbsp

COSPNSRJACKSON, PERSAUD

&nbsp

MLTSPNSR

&nbsp

&nbsp

Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry and issue reports on both topics.

Go to top S08279 Actions:

BILL NOS08279 

&nbsp

05/29/2025REFERRED TO BANKS

01/07/2026REFERRED TO BANKS

05/12/20261ST REPORT CAL.1031

05/13/20262ND REPORT CAL.

05/14/2026ADVANCED TO THIRD READING 

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/05/2026referred to ways and means

Go to topS08279 Committee&nbspVotes:

Go to topS08279 Floor&nbspVotes:

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

Go to topS08279 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8279

 2025-2026 Regular Sessions

 IN SENATE

 May 29, 2025
 ___________

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

 AN ACT directing the superintendent of financial services to conduct an
 analysis of the financial stability of the check cashing industry and
 review the current system of licensing for such industry

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

 1 Section 1. Within ninety days of the effective date of this act, the
 2 superintendent of financial services shall commence an analysis of the
 3 financial stability of the check cashing industry based on licensees'
 4 annual reports and the record of store closures pursuant to article 9-A
 5 of the banking law, and within one hundred eighty days of the effective
 6 date of this act shall issue a report to the governor and the legisla-
 7 ture, and make such report available to check cashing licensees on the
 8 department of financial services website.
 9 § 2. Within ninety days of the effective date of this act, the super-
 10 intendent of financial services shall commence a review of such super-
 11 intendent's current system of issuing licenses for check cashing licen-
 12 sees, the establishment of new check cashing locations, for the
 13 relocation of check cashing locations, and for changes of control of
 14 existing check cashing licensees, and shall issue a report to the gover-
 15 nor, the chair of the assembly banks committee, and the chair of the
 16 senate banks committee, regarding the costs (including application fees,
 17 preparation fees, and other costs) incurred by applicants to prepare and
 18 submit applications, the costs incurred by the department of financial
 19 services to review and process applications, the length of time required
 20 for the review and processing of applications by such department, and
 21 recommendations to improve the efficiency and lessen the costs, burdens,
 22 and length of such department's licensing processes. The superintendent
 23 of financial services shall report to the governor and to the respective
 24 committee chairs within one hundred eighty days of the date of commence-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11914-01-5

 S. 8279 2

 1 ment of such superintendent's review. The superintendent of financial
 2 services shall consult with and receive input from check cashing licen-
 3 sees in the preparation of such superintendent's analysis and report.
 4 § 3. This act shall take effect immediately.

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