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S 1996 NY
Passed Legislature

Establishes a temporary state commission to conduct a feasibility study on the formation and control of a state public bank

NY · session 2025-2026 · Senate · bill

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Introduced Jan 14, 2025

Latest action (Jun 1, 2026) REFERRED TO BANKS

Summary

This bill establishes a temporary state commission to conduct a feasibility study on the formation of a state public bank for New York. The commission would evaluate the viability and control structure of a potential state public bank. If the study finds that a state public bank is feasible, the commission may recommend legislation to create one. The bill creates a commission to assess the practicality of establishing a state-owned public bank.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

Establishes a temporary state commission to conduct a feasibility study to evaluate and make recommendations concerning the formation and control of a state public bank; provides if such study finds that the state bank is feasible, the commission may recommend legislation to create a state public bank for New York.

Sponsor (1)

Action history (16)
  1. Jan 14, 2025 REFERRED TO FINANCE · upper
  2. May 28, 2025 1ST REPORT CAL.1346 · upper
  3. May 29, 2025 2ND REPORT CAL. · upper
  4. Jun 4, 2025 ADVANCED TO THIRD READING · upper
  5. Jun 11, 2025 PASSED SENATE · upper
  6. Jun 11, 2025 DELIVERED TO ASSEMBLY · upper
  7. Jun 11, 2025 REFERRED TO BANKS · lower
  8. Jan 7, 2026 DIED IN ASSEMBLY · lower
  9. Jan 7, 2026 RETURNED TO SENATE · lower
  10. Jan 7, 2026 REFERRED TO FINANCE · upper
  11. May 12, 2026 1ST REPORT CAL.1044 · upper
  12. May 13, 2026 2ND REPORT CAL. · upper
  13. May 14, 2026 ADVANCED TO THIRD READING · upper
  14. Jun 1, 2026 PASSED SENATE · upper
  15. Jun 1, 2026 DELIVERED TO ASSEMBLY · upper
  16. Jun 1, 2026 REFERRED TO BANKS · lower

Full text

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