Bill
Bill > S09310
NY S09310
NY S09310Establishes a publicly available database of business entities in the state that enter into procurement contracts with procuring entities in the state; requires such database to include, among other things, the name of the business entity, the current business street address and county associated with each business street address, and the full name of each beneficial owner.
summary
Introduced
02/27/2026
02/27/2026
In Committee
02/27/2026
02/27/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the limited liability company law and the executive law, in relation to establishing a publicly available database of business entities in the state that enter into procurement contracts with procuring entities in the state
AI Summary
This bill establishes a publicly accessible database of business entities that enter into procurement contracts, which are defined as contracts or agreements exceeding $50,000, acquisitions or dispositions of real property with the state, or the acquisition of office space by state entities. The database, to be maintained by the Secretary of State, will include the business entity's name, address, and county, as well as the full legal name of each beneficial owner, meaning the natural person who ultimately owns or controls the business. While beneficial ownership information is generally confidential, this bill allows for its disclosure to the public if the company has a procurement contract, though provisions are made for waivers in cases of significant privacy interests, such as participation in address confidentiality programs or involvement in certain legal actions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO PROCUREMENT AND CONTRACTS (on 02/27/2026)
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/S9310 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S09310&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S09310 |
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