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Bill > A07070


NY A07070

NY A07070
Requires businesses that purchase silver, gold and platinum to display current silver, gold and platinum prices.


summary

Introduced
03/20/2025
In Committee
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)

bill text


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