Last updated Aug 28, 2026 · NY · Source: LegiScan ↗
Summary
AI Summary
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This bill extends the effectiveness of a specific provision (section 205-b) in New York financial services law from October 3, 2026 to October 3, 2031. It does so by amending subdivision (e) of section 114 of part A of chapter 62 of the laws of 2011, which originally created the state charter advisory board within the Department of Financial Services. The extension keeps the advisory board operational for an additional five years.
Key Provisions
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Extends the expiration date of section 205-b of the financial services law
Changes the sunset date from October 3, 2026 to October 3, 2031
Amends subdivision (e) of section 114 of part A of chapter 62 of the laws of 2011
Provides that upon October 3, 2031 the provisions of such section shall be deemed repealed
Full Bill Text
STATE OF NEW YORK ________________________________________________________________________ 11393 IN ASSEMBLY May 15, 2026 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Anderson) -- read once and referred to the Committee on Banks AN ACT to amend chapter 62 of the laws of 2011, relating to constituting chapter 18-A of the consolidated laws relating to financial services, in relation to extending the effectiveness thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (e) of section 114 of part A of chapter 62 of 2 the laws of 2011, relating to constituting chapter 18-A of the consol- 3 idated laws relating to financial services, as amended by chapter 302 of 4 the laws of 2021, is amended to read as follows: 5 (e) section 205-b of the financial services law as added by section 6 one of this act shall expire October 3, [ 2026 ] 2031 , when upon such date 7 the provisions of such section shall be deemed repealed; 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15922-01-6
The governor or the President signs the bill, vetoes it, or lets it become law without a signature. A legislature can also override a veto and enact the bill anyway.
•The recorded action reads "delivered to governor".
•Dated Aug 28, 2026.
Stages, sponsors and executive actions are read from the legislature's own published record via LegiScan. We report what it says and never infer an action from a date alone.