New York A 8662: Relates to requiring cable television companies and telephone corporations to provide local news programming

Bill Text

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 Speaker Carl E. Heastie

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A08662 Summary:

BILL NOA08662A

&nbsp

SAME ASSAME AS S08432

&nbsp

SPONSORGallagher

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §1106, Lim Lil L

&nbsp

Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.

Go to top A08662 Actions:

BILL NOA08662A

&nbsp

05/23/2025referred to corporations, authorities and commissions

05/28/2025reported referred to ways and means

05/28/2025amend and recommit to ways and means

05/28/2025print number 8662a

06/06/2025reported referred to rules

06/12/2025reported 

06/12/2025rules report cal.686

06/12/2025ordered to third reading rules cal.686

06/13/2025substituted by s8432

&nbspS08432 AMEND= HOYLMAN-SIGAL

&nbsp06/10/2025REFERRED TO RULES

&nbsp06/12/2025ORDERED TO THIRD READING CAL.2030

&nbsp06/13/2025PASSED SENATE

&nbsp06/13/2025DELIVERED TO ASSEMBLY

&nbsp06/13/2025referred to ways and means

&nbsp06/13/2025substituted for a8662a

&nbsp06/13/2025ordered to third reading rules cal.686

&nbsp06/17/2025passed assembly

&nbsp06/17/2025returned to senate

&nbsp12/08/2025DELIVERED TO GOVERNOR

&nbsp12/19/2025VETOED MEMO.164

Go to topA08662 Committee&nbspVotes:

Committee:CORPORATIONS, AUTHORITIES AND COMMISSIONS Chair:Braunstein 
DATE:05/28/2025AYE/NAY:17/8 Action: Favorable refer to committee Ways and Means BraunsteinAyeLemondesNay

CookAyeBlankenbushNay

OtisAyeFriendNay

RozicAyePalmesanoNay

KimAyeAngelinoNay

DilanAyeJensenNay

Pheffer AmatoAyeBlumencranzNay

CarrollAyeBaileyNay

FallExcused

Gonzalez-RojasAye

ZinermanAye

TapiaAye

JacobsonAye

BoresAye

ShimskyAye

SimoneAye

ConradAye

LasherAye

Committee:WAYS AND MEANS Chair:Pretlow 
DATE:06/06/2025AYE/NAY:25/10 Action: Favorable refer to committee Rules PretlowAyeRaNay

JacksonAyeFitzpatrickNay

ColtonAyeHawleyNay

CookAyeBlankenbushNay

BenedettoAyePalmesanoNay

WeprinAyeWalshNay

AndersonAyeDeStefanoNay

BraunsteinAyeManktelowNay

McDonaldAyeSmullenNay

RozicAyeGiglioNay

DinowitzAye

LavineAye

BronsonAye

DilanAye

SeawrightAye

HyndmanAye

WalkerAye

WrightAye

SimonAye

CruzAye

OtisAye

SolagesAye

HunterAye

EpsteinAye

SeptimoAye

Committee:RULES Chair:Glick 
DATE:06/12/2025AYE/NAY:20/9 Action: Favorable HeastieExcusedBarclayNay

PretlowAyeHawleyNay

CookAyeBlankenbushNay

GlickAyeRaNay

DinowitzAyeBrabenecNay

ColtonAyePalmesanoNay

MagnarelliAyeReillyNay

PaulinAyeSmithNay

Peoples-StokesAyeJensenNay

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanAye

RozicAye

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelExcused

Go to topA08662 Floor&nbspVotes:

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

Go to topA08662 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8662--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 23, 2025
 ___________

 Introduced by M. of A. GALLAGHER -- read once and referred to the
 Committee on Corporations, Authorities and Commissions -- reported and
 referred to the Committee on Ways and Means -- committee discharged,
 bill amended, ordered reprinted as amended and recommitted to said
 committee

 AN ACT to amend the limited liability company law, in relation to the
 scope of certain provisions relating to beneficial owners of limited
 liability companies

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

 1 Section 1. Subdivisions (a), (b) and (c) of section 1106 of the limit-
 2 ed liability company law, as added by chapter 102 of the laws of 2024,
 3 are amended and a new subdivision (e) is added to read as follows:
 4 (a) "Beneficial owner" shall [have the same meaning as defined in 31
 5 U.S.C. § 5336(a)(3), as amended, and any regulations promulgated there-
 6 under] mean, with respect to any entity or individual who, directly or
 7 indirectly, through any contract, arrangement, understanding, relation-
 8 ship, or otherwise:
 9 (1) exercises substantial control over the entity; or
 10 (2) owns or controls not less than twenty-five percent of the owner-
 11 ship interests of the entity.
 12 (b) "Re