New York A 11283: Prohibits payment card networks from assessing penalties against small businesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement

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A11283 Summary:

BILL NOA11283 

&nbsp

SAME ASSAME AS S06125

&nbsp

SPONSORRules (Torres)

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§511 & 518, Gen Bus L

&nbsp

Prohibits payment card networks from assessing penalties against small businesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement; declares any clause of a contract, agreement, or arrangement in violation of such provision void.

Go to top A11283 Actions:

BILL NOA11283 

&nbsp

05/06/2026referred to consumer affairs and protection

Go to topA11283 Committee&nbspVotes:

Go to topA11283 Floor&nbspVotes:

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

Go to topA11283 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11283

 IN ASSEMBLY

 May 6, 2026
 ___________

 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Torres) --
 read once and referred to the Committee on Consumer Affairs and
 Protection

 AN ACT to amend the general business law, in relation to prohibiting
 payment card networks from assessing penalties against small busi-
 nesses or financial intermediaries who fail to comply with the credit
 card surcharge notice requirement

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

 1 Section 1. Section 511 of the general business law is amended by
 2 adding a new subdivision 11 to read as follows:
 3 11. "Payment card network" means an entity that directly, or through
 4 licensed members, processors, or agents, provides the proprietary
 5 services, infrastructure, and software that route information and data
 6 to conduct debit card or credit card transaction authorization, clear-
 7 ance, and settlement, and that a person uses in order to accept as a
 8 form of payment a brand of debit card, credit card or other device that
 9 may be used to carry out debit or credit transactions.
 10 § 2. Section 518 of the general business law is amended by adding a
 11 new subdivision 3 to read as follows:
 12 3. No payment card network or any subdivision thereof doing business
 13 in the state of New York shall assess penalties against any small busi-
 14 ness or any financial intermediary for violating the provisions of this
 15 section. Any clause or portion of a contract, agreement, or arrangement
 16 that would assess penalties against a small business or financial inter-
 17 mediary in violation of this subdivision shall be automatically void.
 18 For the purposes of this subdivision, "small business" shall have the
 19 same meaning as defined in section one hundred thirty-one of the econom-
 20 ic development law.
 21 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04388-01-5

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