New York S 10575: Extends the reporting deadline of the advisory panel on employee-owned enterprises to 2027

Bill Text

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 Speaker Carl E. Heastie

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S10575 Summary:

BILL NOS10575 

&nbsp

SAME ASSAME AS A10851

&nbsp

SPONSORBASKIN

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §139, Ec Dev L; amd §2, Chap 435 of 2017

&nbsp

Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2026 to June 30, 2027; extends for one year the advisory panel on employee-owned enterprises which is tasked with reporting and making recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York state.

Go to top S10575 Actions:

BILL NOS10575 

&nbsp

05/26/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

06/02/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/02/2026ORDERED TO THIRD READING CAL.1592

06/02/2026SUBSTITUTED BY A10851

&nbspA10851 AMEND= Stirpe

&nbsp04/07/2026referred to economic development

&nbsp04/21/2026reported 

&nbsp04/23/2026advanced to third reading cal.386

&nbsp04/28/2026passed assembly

&nbsp04/28/2026delivered to senate

&nbsp04/28/2026REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

&nbsp06/02/2026SUBSTITUTED FOR S10575

&nbsp06/02/20263RD READING CAL.1592

&nbsp06/02/2026PASSED SENATE

&nbsp06/02/2026RETURNED TO ASSEMBLY

&nbsp06/18/2026delivered to governor

&nbsp06/26/2026signed chap.143

Go to topS10575 Committee&nbspVotes:

Go to topS10575 Floor&nbspVotes:

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

Go to topS10575 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10575

 IN SENATE

 May 26, 2026
 ___________

 Introduced by Sen. BASKIN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Commerce, Economic Devel-
 opment and Small Business

 AN ACT to amend the economic development law, in relation to extending
 the reporting deadline of the advisory panel on employee-owned enter-
 prises; and to amend chapter 435 of the laws of 2017 amending the
 economic development law relating to establishing an advisory panel on
 employee-owned enterprises within the division of small business
 services, in relation to the effectiveness thereof

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

 1 Section 1. Subdivision 5 of section 139 of the economic development
 2 law, as amended by chapter 145 of the laws of 2025, is amended to read
 3 as follows:
 4 5. Reporting. The advisory panel shall issue a report no later than
 5 June thirtieth, two thousand [twenty-six] twenty-seven outlining the
 6 findings and recommendations of the panel. The report shall be delivered
 7 to the governor, the speaker of the assembly, the temporary president of
 8 the senate, the minority leader of the assembly, the minority leader of
 9 the senate, the chair of the assembly committee on ways and means, the
 10 chair of the senate committee on finance, the chair of the assembly
 11 committee on economic development, the chair of the assembly committee
 12 on small business, the chair of the senate committee on commerce,
 13 economic development, and small business, the chair of the assembly
 14 committee on labor, and the chair of the senate committee on labor.
 15 § 2. Section 2 of chapter 435 of the laws of 2017 amending the econom-
 16 ic development law relating to establishing an advisory panel on employ-
 17 ee-owned enterprises within the division of small business services, as
 18 amended by chapter 145 of the laws of 2025, is amended to read as
 19 follows:
 20 § 2. This act shall take effect immediately and shall expire October
 21 1, [2026] 2027 when upon such date the provisions of this act shall be
 22 deemed repealed.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15059-01-6

 S. 10575 2

 1 § 3. This act shall take effect immediately; provided that the amend-
 2 ments to subdivision 5 of section 139 of the economic development law
 3 made by section one of this act shall not affect the repeal of such
 4 section and shall be deemed repealed therewith.

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