New York S 812: Includes establishing a branch in a banking development district as a factor indicating that a bank is helping to meet the credit needs of its entire community for purposes of assessing such bank; repealer

Bill Text

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 Speaker Carl E. Heastie

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S00812 Summary:

BILL NOS00812 

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SAME ASSAME AS A00421

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Amd §28-b, rpld §28-b sub 3 ¶(a) sub¶ 10-a, Bank L (as proposed in S.6648 & A.6090)

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Includes establishing a branch in a banking development district as a factor indicating that a banking institution is helping to meet the credit needs of its entire community for purposes of assessing such banking institution.

Go to top S00812 Actions:

BILL NOS00812 

&nbsp

01/08/2025REFERRED TO RULES

01/13/2025ORDERED TO THIRD READING CAL.86

02/05/2025SUBSTITUTED BY A421

&nbspA00421 AMEND= Anderson

&nbsp01/08/2025referred to banks

&nbsp01/14/2025reported referred to rules

&nbsp01/14/2025reported 

&nbsp01/14/2025rules report cal.8

&nbsp01/14/2025ordered to third reading rules cal.8

&nbsp01/21/2025passed assembly

&nbsp01/21/2025delivered to senate

&nbsp01/21/2025REFERRED TO RULES

&nbsp02/05/2025SUBSTITUTED FOR S812

&nbsp02/05/20253RD READING CAL.86

&nbsp02/05/2025PASSED SENATE

&nbsp02/05/2025RETURNED TO ASSEMBLY

&nbsp02/12/2025delivered to governor

&nbsp02/14/2025signed chap.9

Go to topS00812 Committee&nbspVotes:

Go to topS00812 Floor&nbspVotes:

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

Go to topS00812 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 812

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

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

 AN ACT to amend the banking law, in relation to including establishing a
 branch in a banking development district as a factor indicating that a
 banking institution is helping to meet the credit needs of its entire
 community for purposes of assessing such banking institution's
 performance; and to repeal certain provisions of such law relating
 thereto

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

 1 Section 1. Subparagraph 12 of paragraph (a) of subdivision 3 of
 2 section 28-b of the banking law, as amended by chapter 264 of the laws
 3 of 2019, is amended to read as follows:
 4 (12) Other factors that, in the judgment of the superintendent,
 5 reasonably bear upon the extent to which a banking institution is help-
 6 ing to meet the credit needs of its entire community, including, without
 7 limitation, the banking institution's participation in credit counseling
 8 services or participation in a banking development district established
 9 pursuant to section ninety-six-d of this chapter by establishing a
 10 branch in such district.
 11 § 2. Subparagraph 10-a of paragraph (a) of subdivision 3 of section
 12 28-b of the banking law as added by a chapter of the laws of 2024 amend-
 13 ing the banking law relating to including participation in a banking
 14 development district as a factor when assessing a banking institution's
 15 record of performance, as proposed in legislative bills numbers S. 6648
 16 and A. 6090, is REPEALED.
 17 § 3. This act shall take effect on the same date and in the same
 18 manner as a chapter of the laws of 2024 amending the banking law relat-
 19 ing to including participation in a banking development district as a
 20 factor when assessing a banking institution's record of performance, as
 21 proposed in legislative bills numbers S. 6648 and A. 6090, takes effect.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02856-01-5

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