New York S 1477: Relates to prohibitions on single-use plastic straws and stirrers in restaurants

Bill Text

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S01477 Summary:

BILL NOS01477A

&nbsp

SAME ASSAME AS A00643-B

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SPONSORKRUEGER

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COSPNSRBRISPORT, CLEARE, FERNANDEZ, HARCKHAM, MYRIE, RAMOS, SALAZAR, SEPULVEDA, SERRANO

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MLTSPNSR

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Amd §489, Judy L; amd §5004, CPLR

&nbsp

Relates to the purchase of claims by corporations or collection agencies; relates to the inference of an assignee's intent and purpose in taking an assignment of a claim against an obligor that is not an eligible obligor.

Go to top S01477 Actions:

BILL NOS01477A

&nbsp

01/10/2025REFERRED TO JUDICIARY

05/29/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/29/2025ORDERED TO THIRD READING CAL.1474

06/04/2025PASSED SENATE

06/04/2025DELIVERED TO ASSEMBLY

06/04/2025referred to judiciary

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO JUDICIARY

03/31/2026REPORTED AND COMMITTED TO FINANCE

05/19/20261ST REPORT CAL.1199

05/20/20262ND REPORT CAL.

05/21/2026ADVANCED TO THIRD READING 

05/27/2026AMENDED ON THIRD READING 1477A

06/02/2026PASSED SENATE

06/02/2026DELIVERED TO ASSEMBLY

06/02/2026referred to judiciary

Go to topS01477 Committee&nbspVotes:

Go to topS01477 Floor&nbspVotes:

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

Go to topS01477 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1477--A
 Cal. No. 1199

 2025-2026 Regular Sessions

 IN SENATE

 January 10, 2025
 ___________

 Introduced by Sens. KRUEGER, BRISPORT, CLEARE, FERNANDEZ, HARCKHAM,
 MYRIE, RAMOS, SALAZAR, SEPULVEDA, SERRANO -- read twice and ordered
 printed, and when printed to be committed to the Committee on Judici-
 ary -- recommitted to the Committee on Judiciary in accordance with
 Senate Rule 6, sec. 8 -- reported favorably from said committee and
 committed to the Committee on Finance -- reported favorably from said
 committee, ordered to first and second report, ordered to a third
 reading, amended and ordered reprinted, retaining its place in the
 order of third reading

 AN ACT to amend the judiciary law and the civil practice law and rules,
 in relation to the purchase of claims by corporations or collection
 agencies and to certain instruments calling for payment of a monetary
 obligation by a foreign state

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

 1 Section 1. Legislative intent. The intended purpose of this act is to
 2 restore the champerty defense in sovereign debt lawsuits for claims
 3 greater than $500,000 with respect to suits brought by litigious holdout
 4 investors. The restoration is not intended to apply to conventional and
 5 generally cooperative investors who may occasionally choose to sue,
 6 where "conventional investors" includes investors that regularly buy and
 7 hold sovereign debt purchased in the primary market and "cooperative
 8 investors" includes distressed debt investors that regularly purchase
 9 debt at a discount in the secondary market and have a record of support-
 10 ing the consensual resolution of sovereign debt distress through serving
 11 as a member of creditor committees or by generally participating in
 12 transactions accepted by other creditors following a negotiation.
 13 § 2. Subdivision 2 of section 489 of the judiciary law, as added by
 14 chapter 394 of the laws of 2004, is amended to read as follows:
 15 2. Except as set forth in subdivision three of this section, the
 16 provisions of subdivision one of this section shall not apply to any

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02058-06-6

 S. 1477--A 2

 1 assignment, purchase or transfer hereafter made of one or more bonds,
 2 promissory notes, bills of exchange, book debts, or other things in
 3 action, or any claims or demands, if such assignment, purchase or trans-
 4 fer included bonds, promissory notes, bills of exchange and/or book
 5 debts, issued by or enforceable against the same eligible obligor
 6 (whether or not also issued by or enforceable against any other eligible
 7 obligors), having an aggregate purchase price of at least five hundred
 8 thousand dollars, in which event the exemption provided by this subdivi-
 9 sion shall apply as well to all other items, including oth