Sen. Rachel May

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.

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.

Provides that credits for excess electricity generated by customer-generators subject to net energy metering by an electric corporation or the Long Island power authority may be carried over indefinitely and used against any charges imposed by an electric corporation or the Long Island power authority when the customer-generator uses more electricity than such customer generates; provides for the accounting of credits once every 5 years and the electric corporation or Long Island power authority shall reimburse the customer-generator for the accumulated credits.

Maddy summaryThis bill requires businesses to disclose when prices are set by algorithms using a customer's personal data, mandating a clear notice: "THIS PRICE WAS SET BY AN ALGORITHM USING YOUR PERSONAL DATA." It also bans using protected characteristics (like race, gender, or age) to set prices for goods or services, preventing discriminatory pricing. The law applies to most businesses but excludes insurers and financial services (e.g., credit cards, loans). Violations can result in civil penalties of up to $1,000 per violation.

Maddy summaryThis bill establishes a legal right for homebuyers to inspect residential properties, including houses, condos, and co-ops, before finalizing a purchase. It requires sellers to allow a 10-day inspection window (extendable by written agreement) by a licensed inspector, and prohibits sellers from conditioning offers on buyers waiving this right - except for family sales or auction purchases. All purchase offers must include mandatory language informing buyers of this inspection right and their option to withdraw if major defects are found. Sellers who violate these rules face penalties, including fines up to 4% of the sale price or $10,000.

Maddy summaryThis bill asks the Governor of New York to officially recognize April 2026 as School Library Month. The measure highlights the value of school libraries and certified librarians in supporting student learning and development. It does not create new laws or funding but serves as a formal declaration of appreciation for library programs.