Bill
Bill > A03638
summary
Introduced
01/30/2019
01/30/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the general obligations law and the banking law, in relation to providing financial consumer protections for small businesses The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill expands consumer protections for usury and interest to small businesses. It amends the General Obligations Law and the Banking Law to provide that all rights and privileges granted to persons under these laws shall also apply to small businesses, which are defined as those that are resident in New York, independently owned and operated, not dominant in their field, and employ 100 or fewer people.
Committee Categories
Business and Industry
Sponsors (13)
Brian Manktelow (R)*,
Yuh-Line Niou (D)*,
Charles Barron (D),
Anthony D'Urso (D),
Steven Englebright (D),
Charles Fall (D),
Mathylde Frontus (D),
Ron Kim (D),
Crystal Peoples-Stokes (D),
Gary Pretlow (D),
Diana Richardson (D),
Nader Sayegh (D),
Michaelle Solages (D),
Last Action
referred to banks (on 01/08/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A03638&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/31/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03638&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03638 | 01/31/2019 |
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