New York A 8804: Establishes a leave of absence for veterans on Veterans Day

Bill Text

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 Speaker Carl E. Heastie

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A08804 Summary:

BILL NOA08804 

&nbsp

SAME ASSAME AS S08408

&nbsp

SPONSORBores

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§305, 404 & 409, add §408-a, Fin Serv L

&nbsp

Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty.

Go to top A08804 Actions:

BILL NOA08804 

&nbsp

06/09/2025referred to ways and means

06/11/2025reported referred to rules

06/12/2025reported 

06/12/2025rules report cal.696

06/12/2025ordered to third reading rules cal.696

06/13/2025substituted by s8408

&nbspS08408 AMEND= KRUEGER

&nbsp06/09/2025REFERRED TO RULES

&nbsp06/12/2025ORDERED TO THIRD READING CAL.1945

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025DELIVERED TO ASSEMBLY

&nbsp06/12/2025referred to ways and means

&nbsp06/13/2025substituted for a8804

&nbsp06/13/2025ordered to third reading rules cal.696

&nbsp06/13/2025passed assembly

&nbsp06/13/2025returned to senate

&nbsp12/01/2025DELIVERED TO GOVERNOR

&nbsp12/05/2025SIGNED CHAP.610

Go to topA08804 Committee&nbspVotes:

Committee:WAYS AND MEANS Chair:Pretlow 
DATE:06/11/2025AYE/NAY:34/0 Action: Favorable refer to committee Rules PretlowAyeRaAye

GlickAyeFitzpatrickAye

ColtonAyeHawleyAye

CookAyeBlankenbushAye

BenedettoAyePalmesanoAye

WeprinAyeWalshAye

RamosAyeDeStefanoAye

BraunsteinAyeManktelowAye

McDonaldAyeSmullenAye

RozicAyeGiglioAye

DinowitzAye

MagnarelliExcused

BronsonAye

DilanAye

SeawrightAye

HyndmanAye

WalkerAye

Bichotte HermelAye

SimonAye

CruzAye

OtisAye

SolagesAye

HunterAye

EpsteinAye

SeptimoAye

Committee:RULES Chair:Glick 
DATE:06/12/2025AYE/NAY:29/0 Action: Favorable HeastieExcusedBarclayAye

PretlowAyeHawleyAye

CookAyeBlankenbushAye

GlickAyeRaAye

DinowitzAyeBrabenecAye

ColtonAyePalmesanoAye

MagnarelliAyeReillyAye

PaulinAyeSmithAye

Peoples-StokesAyeJensenAye

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanAye

RozicAye

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelExcused

Go to topA08804 Floor&nbspVotes:

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

Go to topA08804 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8804

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 9, 2025
 ___________

 Introduced by M. of A. BORES -- (at request of the Department of Finan-
 cial Services) -- read once and referred to the Committee on Ways and
 Means

 AN ACT to amend the financial services law, in relation to prohibited
 unlicensed activities

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

 1 Section 1. Legislative findings. The legislature finds that it is
 2 essential to the protection of users of financial products and services
 3 from imprudent conduct and harmful business practices in the financial
 4 services marketplace that all persons offering financial products and
 5 services in New York State be sufficiently deterred from disregarding
 6 the laws and regulations governing the offering of financial products or
 7 services, regardless of whether they are properly licensed or authorized
 8 otherwise to do business. Furthermore, to ensure that the business of,
 9 and the persons providing, financial products and services are appropri-
 10 ately supervised, the law should not advantage persons who disregard
 11 such requirements. Currently, as to engagement in many activities for
 12 which a license or other authorization from the superintendent of finan-
 13 cial services is required by the banking law or financial services law
 14 or the regulations promulgated thereunder, an unlicensed or otherwise
 15 unauthorized person not exempt from licensing or other authorization is
 16 not subject to civil monetary penalty for acts that would constitute
 17 violations subject to penalty if the person were licensed or otherwise
 18 authorized. This act provides that persons engaged in activity for which
 19 a license or other authorization from the superintendent of financial
 20 services is required under the banking law or financial services law
 21 will be subject to a civil penalty for conducti