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S 1992 NY

Establishes the "New York public banking act"

NY · session 2025-2026 · Senate · bill

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Introduced Jan 14, 2025

Latest action (Jan 7, 2026) REFERRED TO BANKS

Summary

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.

Sponsor (1)
31 coauthors / cosponsors

Action history (2)
  1. Jan 14, 2025 REFERRED TO BANKS · upper
  2. Jan 7, 2026 REFERRED TO BANKS · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S1992 · HTML
  • S1992 · PDF

Full text

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