New York A 4144: Relates to the definition of qualified reservation

Bill Text

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A04144 Summary:

BILL NOA04144 

&nbsp

SAME ASSAME AS S00114

&nbsp

SPONSORReyes

&nbsp

COSPNSRAnderson, Rivera, Dinowitz, Gallagher, Cruz, Seawright, Zinerman, Forrest, Simon, Rosenthal,
 Mitaynes, Lavine, Weprin, Raga, Tapia, Taylor, Torres

&nbsp

MLTSPNSR

&nbsp

Add §12, Bank L

&nbsp

Prohibits state chartered banking institutions from investing in and providing financing for private prisons.

Go to top A04144 Actions:

BILL NOA04144 

&nbsp

01/31/2025referred to banks

05/19/2025reported referred to codes

05/28/2025reported referred to rules

01/07/2026referred to codes

05/28/2026reported referred to rules

Go to topA04144 Committee&nbspVotes:

Committee:BANKS Chair:Vanel 
DATE:05/19/2025AYE/NAY:18/9 Action: Favorable refer to committee Codes VanelAyeBolognaNay

WeprinExcusedMikulinNay

TaylorAyeSmullenNay

SternAyeFitzpatrickNay

SayeghAyeLemondesNay

BurkeExcusedDiPietroNay

AndersonAyeChangNay

MitaynesAyeChludzinskiNay

SeptimoExcusedMolitorNay

TapiaAye

De Los SantosAye

CunninghamAye

LeeAye

RagaAye

BurdickAye

DaisAye

JacksonAye

TorresAye

HooksAye

WiederAye

WrightExcused

YegerAye

Committee:CODES Chair:Dinowitz 
DATE:05/28/2025AYE/NAY:15/6 Action: Favorable refer to committee Rules DinowitzAyeMorinelloNay

CookAyeReillyNay

SimonAyeMikulinNay

WeprinAyeTannousisNay

HevesiAyeAngelinoNay

SeawrightAyeMolitorNay

RosenthalAye

WalkerAye

VanelAye

CruzAye

EpsteinAye

BoresAye

ReyesAye

CunninghamAbsent

RomeroAye

AlvarezAye

Committee:CODES Chair:Dinowitz 
DATE:05/28/2026AYE/NAY:13/5 Action: Favorable refer to committee Rules DinowitzAyeMorinelloNay

CookExcusedReillyNay

LavineAyeMikulinExcused

WeprinAyeTannousisNay

HevesiAyeAngelinoNay

SeawrightAyeMolitorNay

RosenthalAye

WalkerAye

VanelAbsent

CruzAye

BoresExcused

ReyesAye

CunninghamAye

RomeroAye

AlvarezAye

TaylorAye

Go to topA04144 Floor&nbspVotes:

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

Go to topA04144 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4144

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 31, 2025
 ___________

 Introduced by M. of A. REYES, ANDERSON, RIVERA, DINOWITZ, GALLAGHER,
 CRUZ, SEAWRIGHT, ZINERMAN, FORREST, SIMON, ROSENTHAL, MITAYNES,
 LAVINE, WEPRIN, RAGA, TAPIA -- read once and referred to the Committee
 on Banks

 AN ACT to amend the banking law, in relation to prohibiting state char-
 tered banking institutions from investing in and providing financing
 for private prisons

 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 12 to
 2 read as follows:
 3 § 12. Investments in private prisons by state chartered banking insti-
 4 tutions. 1. No state chartered banking institution shall provide financ-
 5 ing for or invest in the stocks, securities, or other obligations of any
 6 entity that owns or operates a private correctional facility for housing
 7 incarcerated individuals that would be prohibited under section one
 8 hundred twenty-one of the correction law if such facility were located
 9 in this state.
 10 2. For purposes of this section "banking institution" shall have the
 11 same meaning as defined in paragraph (b) of subdivision three of section
 12 nine-f of this chapter.
 13 § 2. This act shall take effect immediately and shall apply to all
 14 contracts entered into, renewed, modified or amended on or after such
 15 effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00211-01-5

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