Maddy summaryThis bill prohibits state-chartered banks from investing in or providing financing for private prisons. It directly affects state-chartered banking institutions by banning financial support for entities owning or operating private correctional facilities. The key provision (Section 12 of the banking law) explicitly forbids banks from funding or purchasing securities related to such facilities, aligning with existing state restrictions on private prisons under Correction Law §121. The law applies immediately to all new or modified financial contracts after its effective date.
Sen. Robert Jackson
Sponsored bills
Relates to providing language access services to individuals relating to the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens or persons with disabilities and senior citizen and disabled homeowners.
Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".
Requires manufactured home park owners to provide a written justification for rent increases in excess of three percent of the current rent; provides that increases in costs to justify such rent increase for ordinary maintenance or repair to meet the warranty of habitability obligations must be shown to be necessary.
Maddy summaryS 1673 requires employers in New York to provide new employees with information about student loan repayment options when hiring for entry-level positions requiring an associate's degree or higher, including post-graduate internships. The bill mandates that employers distribute materials developed by state agencies covering federal repayment plans (like income-based options), loan consolidation, and public service forgiveness programs, plus links to the Department of Financial Services' student lending resources. It directly affects new hires in qualifying roles and all employers in the state, including public employers who must additionally detail public service forgiveness programs. The law does not change loan terms but ensures new employees receive clear, accessible guidance on managing student debt. The bill passed the Senate in March 2025 and is now in the Assembly.
Relates to strengthening of utility storm response and compliance by reviewing mitigating factors including but not limited to mitigating factors and the specifics surrounding the violation or violations.
Establishes a uterine fibroids awareness and education program on the symptoms, diagnosis and treatment of uterine fibroids and the elevated risk for minority women.
Authorizes and directs the public service commission to establish rules to limit a utility's ability to recover its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission.
Requires a health care provider who administers an immunization to a person nineteen years of age or older must report such information to the department of health or to the New York city citywide immunization registry unless the person receiving the immunization objects to such reporting.
Prohibits recording of the entrance or exit of a school ground or the entrance or exit to a property that contains school grounds within its boundaries.