New YorkFinancial services provision stays in effect until October 2031
The enacted measure keeps section 205-b of the Financial Services Law in effect until October 3, 2031, when the section is deemed repealed.
What it does
Section 205-b of the Financial Services Law remains in effect until October 3, 2031, when the section is deemed repealed.
Argument forKeeping the section in effect until the stated date could prevent a gap in the rules or services it covers.
Argument againstDelaying repeal could keep covered people and organizations subject to the section’s rules for several more years.
More detail
Section 205-b of the Financial Services Law remains in effect until October 3, 2031. This applies to the provisions of section 205-b of the Financial Services Law. The section is deemed repealed on October 3, 2031. The act takes effect immediately, and section 205-b is deemed repealed on October 3, 2031.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 28SIGNED CHAP.278Became Law
- Aug 21DELIVERED TO GOVERNORTo Governor
- Jun 2RETURNED TO ASSEMBLY
- Vote recorded Floor Vote. Result: pass.Upper
- Jun 2PASSED SENATEPassed 2nd Chamber
- Jun 23RD READING CAL.1593
- Jun 2SUBSTITUTED FOR S10579
- May 28REFERRED TO BANKSMinor
- Vote recorded Assembly Vote. Result: pass.Lower
- May 28DELIVERED TO SENATE
- May 28PASSED ASSEMBLYPassed 1st Chamber
- May 20ORDERED TO THIRD READING RULES CAL.168
- May 20RULES REPORT CAL.168
- May 20REPORTED
- May 18REPORTED REFERRED TO RULESMinor
- May 15REFERRED TO BANKSIntroduced
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