Enacts the "bank of Rochester act"
Summary
Establishes the bank of Rochester, including provisions related to definitions; sponsors and corporate structure; powers and restrictions; governance; charter requirements; financial and operations frameworks; transparency and financial reporting; insurance; deposits; policy mandates; ethics and financial disclosure; inconsistency with other laws; and owners not to be considered bank holding companies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025
Last action Jan 7, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S1708
→
S1708A
·
3 edits
MINOR
The bill number was amended to S. 1708-A and the sponsor list was updated to remove Senator COONEY. Procedurally, the bill was discharged from committee, amended, and sent back to the Committee on Banks for further consideration. These are primarily administrative updates rather than substantive policy changes.
TECHNICAL
Bill number changed from S. 1708 to S. 1708-A to reflect the amendment status.
Senator COONEY was removed from the list of bill sponsors.
Added procedural notation indicating the bill was discharged from committee, amended, and recommitted to the Committee on Banks.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Jan 7, 2026
Committee
REFERRED TO BANKS
upper
Apr 30, 2025
Upper · Passed
PRINT NUMBER 1708A
upper
Apr 30, 2025
Upper · Passed
AMEND AND RECOMMIT TO BANKS
upper
Jan 13, 2025
Committee
REFERRED TO BANKS
upper
1 primary · 5 co-sponsors
Sponsors
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