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Bill > A09685
NY A09685
NY A09685Establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York.
summary
Introduced
02/02/2018
02/02/2018
In Committee
02/02/2018
02/02/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to establish a task force to study the impact of a state-issued cryptocurrency on the state of New York The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York. The task force will examine the necessary steps for New York to produce and release a state-issued cryptocurrency, the implications on monetary policy and financial stability, the impact on taxation, and the measures other jurisdictions have taken to potentially issue cryptocurrency. The task force will report its findings to the governor and legislature within one year of the bill's effective date. The task force will be comprised of members appointed by the governor, legislative leaders, the superintendent of the Department of Financial Services, and the director of the Office of Information Technology Services.
Committee Categories
Government Affairs
Sponsors (12)
Vivian Cook (D)*,
Clyde Vanel (D)*,
Michael Blake (D),
Kevin Cahill (D),
Pamela Hunter (D),
Kimberly Jean-Pierre (D),
Walter Mosley (D),
Félix Ortiz (D),
Andrew Raia (R),
Rebecca Seawright (D),
Luis Sepúlveda (D),
Tremaine Wright (D),
Last Action
referred to governmental operations (on 02/02/2018)
Official Document
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