Bill > S02551

This bill amends the New York Penal Law to significantly increase the maximum fines that can be imposed on corporations for criminal offenses. Specifically, the bill raises the maximum fine for a felony conviction from $10,000 to $80,000, with an exception for certain specific offenses that can be fined up to $500,000. For class A misdemeanors, the maximum fine increases from $5,000 to $40,000, with some offenses potentially being fined up to $300,000. Class B misdemeanors will now have a maximum fine of $15,000 (up from $2,000), and violations will have a maximum fine of $4,000 (up from $500). Additionally, the bill modifies the provision allowing higher fines based on the corporation's gain from the offense, changing the multiplier from double to three times the gain. These changes aim to create more substantial financial penalties for corporate criminal offenses, potentially serving as a stronger deterrent for corporate misconduct.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S2551