Bill
Bill > A09711
NY A09711
NY A09711Establishes a temporary state commission to conduct a feasibility study to evaluate and make recommendations concerning the formation and control of a state public bank; provides if such study finds that the state bank is feasible, the legislature shall consider legislation to create a state public bank for New York.
summary
Introduced
03/28/2022
03/28/2022
In Committee
03/28/2022
03/28/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Authorizes the department of financial services to conduct a feasibility study to evaluate and make recommendations concerning the formation and control of a state public bank; provides if such study finds that the state bank is feasible, the legislature shall pass legislation to create a state public bank for New York; makes an appropriation of $500,000 for the purposes of conducting such study.
AI Summary
This bill authorizes the New York Department of Financial Services to conduct a feasibility study to evaluate and make recommendations on the formation and control of a state-owned public bank. If the study finds the state bank to be feasible, the legislature shall pass legislation to create a state public bank for New York. The bill provides $500,000 in funding for the study. The study will examine the potential benefits, challenges, governance structure, and legal considerations of establishing a state public bank.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
print number 9711b (on 05/31/2022)
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/A9711 | 03/29/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09711&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09711B | 06/01/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09711&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09711A | 05/25/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09711&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09711 | 03/29/2022 |
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