Bill
Bill > S03123
NY S03123
NY S03123Relates 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
01/27/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
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)
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://www.nysenate.gov/legislation/bills/2021/S3123 | 01/28/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03123&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03123 | 01/28/2021 |
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