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Bill > S03123


NY S03123

NY S03123
Relates to arbitration organizations; requires private arbitration organizations involved in fifty or more consumer arbitrations per year to collect, publish at least quarterly, and make available to the public in a computer-searchable database certain information relating to such arbitrations; prohibits financial conflicts of interest.


summary

Introduced
01/27/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Relates to arbitration organizations; requires private arbitration organizations involved in fifty or more consumer arbitrations per year to collect, publish at least quarterly, and make available to the public in a computer-searchable database certain information relating to such arbitrations; prohibits financial conflicts of interest.

AI Summary

This bill requires private arbitration organizations that administer 50 or more consumer arbitrations per year to collect, publish quarterly, and make publicly available in a searchable database certain information about those arbitrations. It also prohibits financial conflicts of interest between these arbitration organizations and the parties or attorneys involved in the arbitrations. The bill aims to increase transparency and accountability in the consumer arbitration process.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO CONSUMER PROTECTION (on 01/05/2022)

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