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Bill > S04558


NY S04558

NY S04558
Requires fashion sellers to carry out environmental due diligence for the portions of their business related to wearing apparel, footwear or fashion bags, including wearing apparel, footwear or fashion bags produced as a private label; establishes a fashion remediation fund.


summary

Introduced
02/07/2025
In Committee
02/07/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the general business law, in relation to requiring fashion sellers to be accountable to environmental standards and establishing the interstate fashion environment accountability act; and to amend the state finance law, in relation to establishing a fashion remediation fund

AI Summary

This bill requires fashion sellers with over $100 million in annual gross receipts to conduct comprehensive environmental due diligence for their clothing, footwear, and fashion bag businesses. The legislation mandates that companies map their supply chain across four tiers of production, progressively disclosing supplier information over several years, and perform detailed environmental impact assessments. Companies must establish greenhouse gas emissions reduction targets aligned with scientific standards, track and report on their emissions annually, and implement strategies to mitigate environmental risks throughout their supply chains. Fashion sellers must submit annual due diligence reports to the New York Department of State, making most of the information publicly available, and these reports will be subject to independent verification. The bill establishes penalties for non-compliance, with fines up to $15,000 per violation per day, and creates a fashion remediation fund to support environmental benefit projects in impacted communities. The goal is to increase transparency and accountability in the fashion industry's environmental practices, with a particular focus on reducing carbon emissions and promoting responsible supply chain management.

Committee Categories

Business and Industry

Sponsors (25)

Last Action

PRINT NUMBER 4558B (on 04/07/2025)

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