Bill
Bill > A05833
NY A05833
NY A05833Directs the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services.
summary
Introduced
02/26/2021
02/26/2021
In Committee
05/19/2021
05/19/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to direct the department of financial services to conduct a study on underbanked communities and households in New York state and to make recommendations to improve access to financial services
AI Summary
This bill directs the New York Department of Financial Services to conduct a study on underbanked communities and households in the state, and to provide recommendations to improve access to financial services. The study will analyze the location and demographics of underbanked areas, as well as the causes of underbanked status. The study and recommendations must be completed and provided to the governor and legislature within 12 months of the bill's effective date. The term "underbanked" is defined as having insufficient access to banking and investment services.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (10)
Victor Pichardo (D)*,
Peter Abbate (D),
Catalina Cruz (D),
Sandy Galef (D),
Chantel Jackson (D),
Michael Montesano (R),
N. Nick Perry (D),
Karines Reyes (D),
Robert Rodriguez (D),
Gina Sillitti (D),
Last Action
enacting clause stricken (on 09/15/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A5833 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05833&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05833 |
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