S 8432 New York Senate · 2025 Regular Session

Relates to the scope of certain provisions relating to beneficial owners of limited liability companies

Summary

Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.

Bill status vetoed 4 of 5 stages cleared

Introduction

Jun 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

Assembly Passage

Jun 2025

Vetoed

Dec 2025

Introduced Jun 10, 2025 Vetoed Dec 19, 2025

Floor votes · Senate Jun 13, 2025 · Assembly Jun 17, 2025

How they voted

39–20

Passed · 4 other

Total votes 63

Jun 13, 2025

D Democratic41

38 Yea 3

92% Yea

R Republican22

1 Yea 20 Nay 1

90% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Dec 19, 2025

Vetoed

VETOED MEMO.164

upper

Jun 17, 2025

Lower · Passed

PASSED ASSEMBLY

lower

Jun 13, 2025

Committee

REFERRED TO WAYS AND MEANS

lower

Jun 13, 2025

Upper · Passed

PASSED SENATE

upper

Jun 10, 2025

Committee

REFERRED TO RULES

upper

1 primary · 0 co-sponsors