Relates to establishing the banking bill of rights; includes due process requirements regarding applications for or closure of credit and deposit accounts and penalties for noncompliance.
Imposes an excise tax on any taxpayer engaged in the trade or business of digital asset mining; provides that taxes, interest, and penalties collected or received from such taxes shall be used for prompt assistance to utility customers enrolled in energy affordability programs.
Maddy summaryThis bill (S 2119) orders the New York State Motor Vehicles Commissioner to study how traffic fine revenue is distributed across different jurisdictions. The study must examine factors like where violations occurred (state vs. local roads), which specific traffic laws were broken (especially Section 1180), and revenue caps for smaller towns and villages. The Commissioner must complete this study and submit a report with findings and recommendations for fairer revenue distribution by December 31, 2026. This bill does not change current laws but directs a review of the existing system for traffic fine revenue.
Prohibits public entities from contracting with airlines that transport individuals who have been detained by U.S. immigration and customs enforcement without being afforded due process rights; prohibits certain sales and use tax exemptions on fuel sold to an airline that transports individuals who have been detained by U.S. immigration and customs enforcement without being afforded due process rights.
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Maddy summaryBill S 8214, the "Public Official Virtual Currency Regulation Act," aims to restrict virtual currency business activities for certain public officials and their families in New York. The bill defines "covered individuals" as the Governor, Lieutenant Governor, Comptroller, Attorney General of New York, the U.S. President, and their immediate family members. It prohibits any person from engaging in defined "virtual currency business activities" in New York if the virtual currency is linked to a "covered interest" (like ownership of 5% or more, or compensation for promotion) of these officials or their families, or is otherwise related to them. Prohibited activities include transferring, storing, buying, selling, or converting virtual currency for others. Violations can lead to civil penalties ranging from $5,000 to $50,000 per day.
Maddy summaryThis bill raises the income threshold where New York's tuition assistance program aid begins to decrease from $7,000 to $18,000 annually. It directly affects low-to-moderate-income students who qualify for state tuition aid based on household income. The key change modifies the income brackets: aid remains full for incomes under $18,000, with gradual reductions applying only above that level. This adjustment means more students will receive full tuition assistance before aid starts phasing out. The policy change takes effect 180 days after enactment.
Adds services delivered, to individuals with developmental disabilities and traumatic brain injury, through a facility licensed under article twenty-eight of the public health law, to the requirement that telehealth services be reimbursed at the applicable in person rates or fees regardless of the location of the patient or the clinician.
Requires the installation of intelligent speed assistance devices if a driver accumulates eleven or more points on their driving record during a 24 month period, or receives 6 speed camera or red light camera tickets during a twelve month period.
Requires the office for people with developmental disabilities to produce and publish a report to assess the staffing and other issues causing the continued displacement of individuals with developmental disabilities from various state-operated institutions under the jurisdiction of the office for people with developmental disabilities.
