Bill
Bill > A08851
NY A08851
NY A08851Relates to certain rental vehicle protections; provides that the rate caps charged by rental vehicle companies shall be tied to the consumer price index of all urban consumers over the previous year as reported by the United States Bureau of Labor Statistics; makes provisions of law permanent.
summary
Introduced
06/09/2025
06/09/2025
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 certain rental vehicle protections; and to amend chapter 109 of the laws of 2018 amending the general business law relating to certain rental vehicle protections, in relation to the effectiveness thereof
AI Summary
This bill makes permanent certain protections for consumers renting vehicles by tying the maximum rates rental companies can charge for optional vehicle protection to the Consumer Price Index for All Urban Consumers (CPI-U), which is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, as reported by the United States Bureau of Labor Statistics. Specifically, starting January 1, 2027, and each year thereafter, the existing rate caps for optional vehicle protection will be adjusted based on the previous year's CPI-U increase, ensuring these caps keep pace with inflation. Additionally, the bill removes a sunset clause that would have ended these protections on June 30, 2028, making them a permanent part of New York law.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
print number 8851a (on 01/15/2026)
Official Document
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