Bill
Bill > A07070
NY A07070
NY A07070Requires businesses that purchase silver, gold and platinum to display current silver, gold and platinum prices.
summary
Introduced
03/20/2025
03/20/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to requiring businesses that purchase silver, gold and platinum to display current silver, gold and platinum prices
AI Summary
This bill requires businesses that buy silver, gold, and platinum for purposes such as resale, melting, or refining to display a sign showing the current prices of these precious metals in a prominent or conspicuous location within their establishment. The proposed amendment to the New York General Business Law aims to provide transparency for customers by ensuring that businesses dealing in these valuable metals clearly show their current market prices. By mandating this display, the bill seeks to give consumers more information about the value of the metals they are selling or trading, potentially helping them make more informed decisions. The law would take effect immediately upon passage, meaning businesses would need to comply with the new requirement right away.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
referred to consumer affairs and protection (on 01/07/2026)
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/2025/A7070 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07070&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07070 |
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