New York S 8434: Discourages workers' compensation fraud by increasing penalties

Bill Text

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 Speaker Carl E. Heastie

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S08434 Summary:

BILL NOS08434 

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SAME ASSAME AS A08411

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SPONSORRYAN S

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COSPNSR

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MLTSPNSR

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

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Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2025 to June 30, 2026; 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 S08434 Actions:

BILL NOS08434 

&nbsp

06/11/2025REFERRED TO RULES

06/12/2025ORDERED TO THIRD READING CAL.1954

06/12/2025SUBSTITUTED BY A8411

&nbspA08411 AMEND= Stirpe

&nbsp05/14/2025referred to economic development

&nbsp05/20/2025reported referred to rules

&nbsp05/21/2025reported 

&nbsp05/21/2025rules report cal.248

&nbsp05/21/2025ordered to third reading rules cal.248

&nbsp05/21/2025passed assembly

&nbsp05/21/2025delivered to senate

&nbsp05/21/2025REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

&nbsp06/12/2025SUBSTITUTED FOR S8434

&nbsp06/12/20253RD READING CAL.1954

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025RETURNED TO ASSEMBLY

&nbsp06/18/2025delivered to governor

&nbsp06/18/2025signed chap.145

Go to topS08434 Committee&nbspVotes:

Go to topS08434 Floor&nbspVotes:

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

Go to topS08434 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8434

 2025-2026 Regular Sessions

 IN SENATE

 June 11, 2025
 ___________

 Introduced by Sen. S. RYAN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Rules

 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 172 of the laws of 2024, 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-five] twenty-six 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 172 of the laws of 2024, is amended to read as
 19 follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13018-01-5

 S. 8434 2

 1 § 2. This act shall take effect immediately and shall expire October
 2 1, [2025] 2026 when upon such date the provisions of this act shall be
 3 deemed repealed.
 4 § 3. This act shall take effect immediately; provided that the amend-
 5 ments to subdivision 5 of section 139 of the economic development law
 6 made by section one of this act shall not affect the repeal of such
 7 section and shall be deemed repealed therewith.

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