New York A 2160: Directs the office of children and family services and the NY city administration for children's services to submit annual reports concerning information related to children served by their respective prog

Bill Text

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A02160 Summary:

BILL NOA02160 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSmith

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §165-b, St Fin L; add §103-h, Gen Muni L; add §2879-d, Pub Auth L

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Requires divestment of public funds in the Russian energy sector.

Go to top A02160 Actions:

BILL NOA02160 

&nbsp

01/15/2025referred to governmental operations

01/07/2026referred to governmental operations

05/05/2026held for consideration in governmental operations

Go to topA02160 Committee&nbspVotes:

Committee:GOVERNMENTAL OPERATIONS Chair:McDonald 
DATE:05/05/2026AYE/NAY:8/3 Action: Held for Consideration McDonaldAyeBeephanNay

GlickAyeSimpsonNay

KimAyeNovakhovExcused

Bichotte HermelExcusedNorberNay

WilliamsAye

RagaExcused

SimoneAye

ShimskyAye

KassayAye

BurroughsAye

Go to topA02160 Floor&nbspVotes:

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

Go to topA02160 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2160

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 15, 2025
 ___________

 Introduced by M. of A. SMITH -- read once and referred to the Committee
 on Governmental Operations

 AN ACT to amend the state finance law, the general municipal law and the
 public authorities law, in relation to Russia divestment

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

 1 Section 1. The state finance law is amended by adding a new section
 2 165-b to read as follows:
 3 § 165-b. Russia divestment. 1. As used in this section, the following
 4 definitions shall apply:
 5 (a) "Energy sector" of Russia means activities to develop petroleum or
 6 natural gas resources or nuclear power in Russia.
 7 (b) "Financial institution" means:
 8 (1) a banking organization as defined in subdivision eleven of section
 9 two of the banking law;
 10 (2) a securities firm, including a broker or dealer;
 11 (3) any insurance company, including any company, agent, broker, or
 12 underwriter, licensed or regulated by the department of financial
 13 services pursuant to the insurance law; and/or
 14 (4) any other company that provides a financial product or service as
 15 defined in subdivision two of section one hundred four of the financial
 16 services law.
 17 (c) "Investment" means a commitment or contribution of funds or prop-
 18 erty, a loan or other extension of credit; and the entry into or renewal
 19 of a contract for goods or services.
 20 (d) "Russia" includes the government of Russia and any agency or
 21 instrumentality of Russia.
 22 (e) "Person" means any of the following:
 23 (1) A natural person, corporation, company, limited liability company,
 24 business association, partnership, society, trust, or any other nongov-
 25 ernmental entity, organization, or group.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02016-01-5

 A. 2160 2

 1 (2) Any governmental entity or instrumentality of a government,
 2 including a multilateral development institution, as defined in Section
 3 1701(c)(3) of the International Financial Institutions Act (22 U.S.C.
 4 262r(c)(3)).
 5 (3) Any successor, subunit, parent entity, or subsidiary of, or any
 6 entity under common ownership or control with, any entity described in
 7 subparagraph one or two of this paragraph.
 8 2. For purposes of this section, a person engages in investment activ-
 9 ities in Russia if:
 10 (a) The person provides goods or services of twenty million dollars or
 11 more in the energy sector of Russia, including a person that provides
 12 oil or liquefied natural gas tankers, or products used to construct or
 13 maintain pipelines used to transport oil or liquefied natural gas, for
 14 the energy sector of Russia; or
 15 (b) The person is a financial institution that extends twenty million
 16 dollars or more in credit to another person, for forty-five days or
 17 more, if that person will use the credit to provide goods or services in
 18 the energy sector in Russia and is identified on a list created pursuant
 19 to paragraph (b) of subdivision three of this section as a person engag-
 20 ing in investment activities in Russia as described in paragraph (a) of
 21 this subdivision.
 22 3. (a) A person that i