New York S 6150: Relates to full mass transit accessibility for facilities operated by the metropolitan transportation authority

Bill Text

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S06150 Summary:

BILL NOS06150 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSRBAILEY, COMRIE, HOYLMAN-SIGAL, PERSAUD, SANDERS, SEPULVEDA

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MLTSPNSR

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Add §9-aa, Bank L

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Relates to the reporting of suspected financial exploitation; requires the superintendent of the department of financial services to develop guidelines relating to reporting suspected financial exploitation; provides that a third party who reports suspected financial abuse shall have immunity from any civil or criminal liability as a result.

Go to top S06150 Actions:

BILL NOS06150 

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03/05/2025REFERRED TO BANKS

06/09/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/09/2025ORDERED TO THIRD READING CAL.1692

06/09/2025PASSED SENATE

06/09/2025DELIVERED TO ASSEMBLY

06/09/2025referred to banks

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO BANKS

05/12/20261ST REPORT CAL.1030

05/13/20262ND REPORT CAL.

05/14/2026ADVANCED TO THIRD READING 

05/28/2026PASSED SENATE

05/28/2026DELIVERED TO ASSEMBLY

Go to topS06150 Committee&nbspVotes:

Go to topS06150 Floor&nbspVotes:

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

Go to topS06150 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6150

 2025-2026 Regular Sessions

 IN SENATE

 March 5, 2025
 ___________

 Introduced by Sens. PARKER, BAILEY, COMRIE, HOYLMAN-SIGAL, PERSAUD,
 SANDERS, SEPULVEDA -- read twice and ordered printed, and when printed
 to be committed to the Committee on Banks

 AN ACT to amend the banking law, in relation to reporting of suspected
 financial exploitation

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

 1 Section 1. The banking law is amended by adding a new section 9-aa to
 2 read as follows:
 3 § 9-aa. Reporting of suspected financial exploitation. 1. For purposes
 4 of this section, the following terms shall have the following meanings:
 5 (a) "financial exploitation" shall mean activity prohibited pursuant
 6 to sections 190.25, 190.26, 190.60, 190.65, 190.78, 190.79, 190.80,
 7 190.80-a, 190.81, 190.82, and 190.83 of the penal law or activity meant
 8 to deprive an individual of assets or property by deceptive, manipula-
 9 tive, or other illegal means.
 10 (b) "financial institution" shall mean any banking institution, credit
 11 union, investment brokerage, and any other entity licensed by the super-
 12 intendent.
 13 (c) "superintendent" shall mean the superintendent of the department
 14 of financial services.
 15 2. The superintendent, in consultation with the director of the office
 16 for the aging, the attorney general, representatives of the financial
 17 services industry, law enforcement, senior groups, and district attor-
 18 neys, shall develop guidelines relating to reporting suspected financial
 19 exploitation. Such guidelines shall include, but not be limited to:
 20 (a) the types of warning signs and evidence that would be acceptable
 21 indicators of financial exploitation;
 22 (b) when suspected financial exploitation should be reported;
 23 (c) to whom suspected financial exploitation should be reported;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10654-01-5

 S. 6150 2

 1 (d) information that should be included in a report of suspected
 2 financial abuse; and
 3 (e) the applicable laws, rules and regulations that must be followed
 4 while reporting suspected financial abuse.
 5 3. A financial institution located or doing business in this state or
 6 an employee thereof who, acting reasonably and in good faith in accord-
 7 ance with these guidelines, reports suspected financial abuse shall have
 8 immunity from any civil liability that might otherwise result by reason
 9 of such actions.
 10 4. The superintendent is directed to promulgate any rules or regu-
 11 lations necessary to carry out the provisions of this section.
 12 § 2. This act shall take effect on the ninetieth day after it shall
 13 have become a law.

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