Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations
Summary
Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2021
Committee Review
Jun 2022
Senate Passage
Jun 2022
Assembly Passage
Governor
Introduced Jan 6, 2021
Last action Jun 2, 2022
Floor votes · Senate Jun 2, 2022
How they voted
47–14
Passed
Total votes 61
Jun 2, 2022
D
Democratic42
95% Yea
R
Republican19
63% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
1
Committee
5
Jun 2, 2022
Committee
REFERRED TO BANKS
lower
Jun 2, 2022
Upper · Passed
PASSED SENATE
upper
Jan 5, 2022
Committee
REFERRED TO BANKS
upper
May 18, 2021
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Apr 30, 2021
Committee
COMMITTEE DISCHARGED AND COMMITTED TO BANKS
upper
Jan 6, 2021
Committee
REFERRED TO LOCAL GOVERNMENT
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
James Sanders
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 670
Scope: NY
Hi! I can help you understand S 670. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline