New York S 3801: Relates to disability benefits for firefighters employed by the division of military and naval affairs

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S03801 Summary:

BILL NOS03801 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSRSEPULVEDA

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MLTSPNSR

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Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.

Go to top S03801 Actions:

BILL NOS03801 

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01/30/2025REFERRED TO INTERNET AND TECHNOLOGY

01/07/2026REFERRED TO INTERNET AND TECHNOLOGY

Go to topS03801 Committee&nbspVotes:

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

Go to topS03801 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3801

 2025-2026 Regular Sessions

 IN SENATE

 January 30, 2025
 ___________

 Introduced by Sens. PARKER, SEPULVEDA -- read twice and ordered printed,
 and when printed to be committed to the Committee on Internet and
 Technology

 AN ACT to establish the digital currency task force

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

 1 Section 1. The department of financial services is hereby authorized
 2 to establish the New York state digital currency task force to provide
 3 the governor and the legislature with information on the potential
 4 effects of the widespread implementation of digital currencies on finan-
 5 cial markets in the state.
 6 § 2. The task force shall be comprised of:
 7 a. two members appointed by the governor;
 8 b. two members appointed by the temporary president of the senate;
 9 c. two members appointed by the speaker of the assembly;
 10 d. one member appointed by the minority leader of the senate;
 11 e. one member appointed by the minority leader of the assembly; and
 12 f. two members appointed by the superintendent of the department of
 13 financial services.
 14 § 3. The task force shall:
 15 a. examine and evaluate digital currencies within the state;
 16 b. identify the potential effects of the widespread implementation of
 17 digital currencies on financial markets;
 18 c. review the impact of the department's BitLicense program on the use
 19 of digital currencies; and
 20 d. make recommendations to further utilize digital currencies within
 21 the state.
 22 § 4. Such task force shall collaborate with state and city of New York
 23 agencies including, but not limited to, the department of taxation and
 24 finance and the department of finance of the city of New York.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07640-01-5

 S. 3801 2

 1 § 5. The department of financial services shall submit a report, on or
 2 before January 1, 2027, to the governor and the legislature of its find-
 3 ings, conclusions and recommendations, and legislative and regulatory
 4 proposals deemed necessary to implement such recommendations.
 5 § 6. This act shall take effect immediately.

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