A 10031 New York Assembly · 2023 Regular Session

Relates to the effectiveness of certain provisions of the banking law

This bill extends the expiration date for specific banking law provisions from September 10, 2024, to September 10, 2029. It directly affects banks, trust companies, credit unions, and other financial institutions by allowing them to continue exercising certain powers previously granted under national banking laws. The key mechanism is an amendment to existing statutes that delays their repeal while ensuring any rules already approved under these powers remain in effect after the date change. Ultimately, the legislation provides long-term stability for these financial regulations without altering their core content.
Bill status signed all 5 stages cleared
Introduction
May 2024
Committee Review
May 2024
Assembly Passage
May 2024
Senate Passage
May 2024
Signed into Law
Aug 2024
Introduced May 2, 2024 Signed Aug 28, 2024
Floor votes · Senate May 28, 2024 · Assembly May 15, 2024

How they voted

58–0
Passed · 4 other
Total votes 62
May 28, 2024
D Democratic41
38 Yea 3
92% Yea
R Republican21
20 Yea 1
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
3
Committee
2
Aug 28, 2024
Signed into law
SIGNED CHAP.254
lower
May 28, 2024
Upper · Passed
PASSED SENATE
upper
May 15, 2024
Committee
REFERRED TO BANKS
upper
May 15, 2024
Lower · Passed
PASSED ASSEMBLY
lower
May 2, 2024
Committee
REFERRED TO BANKS
lower
1 primary · 3 co-sponsors

Sponsors