Bill > A03858

This bill increases the maximum fines that can be imposed on corporations for criminal offenses under the New York penal law. Specifically, the bill raises the fine limits for different levels of criminal convictions: for felonies, the maximum fine increases from $10,000 to $80,000; for class A misdemeanors, from $5,000 to $40,000; for class B misdemeanors, from $2,000 to $15,000; and for violations, from $500 to $4,000. The bill also modifies the provision allowing higher fines based on the corporation's gain from the offense, changing the multiplier from double to three times the amount gained. There are special provisions for certain specific offenses related to section 20.20 of the penal code, which allow for even higher maximum fines (up to $500,000 for certain felonies and $300,000 for certain misdemeanors). The increased fine amounts appear designed to create more significant financial deterrence for corporate criminal activity by substantially raising the potential monetary penalties across different categories of offenses.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A3858