New York S 704: Requires mandatory health insurance coverage for prosthetic devices

Bill Text

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S00704 Summary:

BILL NOS00704A

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SAME ASSAME AS A07916-A

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SPONSORKRUEGER

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COSPNSR

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MLTSPNSR

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Amd §396-i, Gen Bus L

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Enacts the "New York gift certificate scam prevention act" to require certain sale, security and record-keeping requirements for gift certificates by sellers of gift certificates.

Go to top S00704 Actions:

BILL NOS00704A

&nbsp

01/08/2025REFERRED TO CONSUMER PROTECTION

05/28/20251ST REPORT CAL.1407

05/29/20252ND REPORT CAL.

06/04/2025ADVANCED TO THIRD READING 

06/05/2025AMENDED ON THIRD READING 704A

06/11/2025PASSED SENATE

06/11/2025DELIVERED TO ASSEMBLY

06/11/2025referred to consumer affairs and protection

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO CONSUMER PROTECTION

05/28/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/28/2026ORDERED TO THIRD READING CAL.1338

06/03/2026PASSED SENATE

06/03/2026DELIVERED TO ASSEMBLY

06/03/2026referred to consumer affairs and protection

Go to topS00704 Committee&nbspVotes:

Go to topS00704 Floor&nbspVotes:

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

Go to topS00704 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 704--A
 Cal. No. 1407

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. KRUEGER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Consumer Protection --
 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 general business law, in relation to enacting the
 "New York gift certificate scam prevention act"

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "New York gift certificate scam prevention act".
 3 § 2. Paragraph (a) of subdivision 1 of section 396-i of the general
 4 business law, as amended by chapter 668 of the laws of 2021, is amended
 5 to read as follows:
 6 (a) For the purposes of this section, the following terms shall have
 7 the following meanings:
 8 (1) "gift certificate" shall mean a certificate, electronic card, or
 9 other pre-funded record that: (i) is usable at a single merchant or an
 10 affiliated group of merchants that share the same name, mark, or logo,
 11 or is usable at multiple, unaffiliated merchants or service providers;
 12 and (ii) is issued in a specified amount; and (iii) may or may not be
 13 increased in value or reloaded; and (iv) is purchased and/or loaded on a
 14 prepaid basis for the future purchase or delivery of any goods or
 15 services; and (v) is honored upon presentation;
 16 (2) "open loop gift certificate" shall mean a gift certificate redeem-
 17 able at multiple, unaffiliated merchants or service providers; [and]
 18 (3) "promotional gift certificate" shall mean a gift certificate
 19 issued for no consideration which includes on the front of the gift
 20 certificate (i) a statement indicating that the card is issued for

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02522-04-5

 S. 704--A 2

 1 promotional purposes and (ii) the expiration date for the underlying
 2 funds; and
 3 (4) "third-party gift certificate reseller" shall mean a merchant who,
 4 without authorization from or affiliation with the business entity issu-
 5 ing an open loop gift certificate, is engaged in the business of buying
 6 open loop gift certificates or reselling open loop gift certificates to
 7 consumers.
 8 § 3. Subdivisions 4, 5, 5-a, 5-b and 6 of section 396-i of the general
 9 business law are renumbered subdivisions 5, 6, 7, 8 and 9, and a new
 10 subdivision 4 is added to read as follows:
 11 4. (a) For an in-person sale of a gift certificate, such gift certif-
 12 icate shall:
 13 (i) conceal all visible numbers, such as a card number, CVV numbers,
 14 or PIN numbers, that can be used for balance inquiries or manual entry
 15 redemption; or
 16 (ii) display such information only if the gift certificate incorpo-
 17 rates technology that is designed to prevent