Asm. Emérita Torres

Enacts the "choice in responsible gaming act"; requires mobile sports wagering operators to establish default betting limits on their platform and to notify authorized sports bettors of their ability to opt-out of the default betting limits.

Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry and issue reports on both topics.

Maddy summaryThis bill increases short-term disability benefits for New York workers. It phases in higher weekly benefit rates (from 50% to 67% of average weekly wage) and extends maximum leave duration (from 8 to 12 weeks) over several years, starting in 2018. The changes apply to employees needing short-term disability leave due to illness or injury, directly affecting both workers and their employers who provide these benefits. The bill maintains a cap based on the state average weekly wage and allows the superintendent of financial services to delay increases if needed.

Maddy summaryThis bill increases corporate income tax rates in the state. For most corporations, the rate rises to 7.25% for taxable years beginning on or after January 1, 2026. Corporations with a business income base exceeding $5 million will pay 11.5% instead of the standard rate. The change applies to businesses operating within the state and affects all corporate taxpayers subject to the state's tax law, with specific lower rates for small businesses, manufacturers, and qualified emerging technology companies as defined in the law. The bill takes effect immediately upon enactment for taxable years starting on or after the effective date.

Relates to certain rental vehicle protections; provides that the rate caps charged by rental vehicle companies shall be tied to the consumer price index of all urban consumers over the previous year as reported by the United States Bureau of Labor Statistics; makes provisions of law permanent.

Includes in the class E felony of vehicular assault in the second degree, the causing of serious physical injury while operating a vehicle with suspended, revoked or no license; creates the crime of vehicular homicide.

Requires insurers to provide insurance coverage for treatment of rare diseases, life-threatening conditions or diseases, degenerative and disabling conditions, or diagnoses involving medically fragile children, by a provider of the patient's choice.

Maddy summaryThis bill requires businesses operating virtual currency services in New York State to obtain a license from the state superintendent. It directly affects exchanges, wallet providers, and other businesses buying, selling, or storing virtual currency for others, but exempts regular consumers, merchants using virtual currency for purchases, and banks already approved for such activities. Key provisions include mandatory licensing, cybersecurity and anti-money laundering programs, capital requirements, consumer protection rules, and strict reporting for handling customer assets. The law defines virtual currency broadly while excluding gaming tokens and rewards programs. It creates a regulatory framework specifically for businesses operating within New York State.

Maddy summaryThis bill increases the state commission of correction from 3 to 9 members. It specifies that 3 members are appointed by the governor (with Senate confirmation), 2 by the Assembly speaker, 2 by the Senate Temporary President, and 2 by the Correctional Association. The commission must now include at least one person formerly incarcerated in a New York correctional facility, a public health professional, a behavioral healthcare professional, an attorney with criminal defense or prisoner rights expertise, and others deemed beneficial. The bill also sets term lengths and removal procedures for commission members.

Provides interest rate limitations for financing arrangements and the extension of consumer credit; relates to the definitions of criminal usury in the first and second degrees; relates to the functions of the attorney general regarding rental purchase agreements.