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NY S07062

Bill

Official Source

Status

Introduced

3/22/2016

Primary Sponsor

James Sanders

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends the Financial Services Law by adding Article 7 to establish a State Financial Literacy Commission
  • Commission created to measurably improve financial literacy and financial capability of New York state residents
  • Defines "financial literacy" as the ability to use knowledge and skills to manage financial resources effectively for lifetime financial well-being
  • Defines "financial capability" as financial literacy combined with access to appropriate financial products and the ability and opportunity to act on financial decisions
  • Commission membership includes the State Comptroller, Commissioner of Education, and one executive branch representative appointed by the Governor from agencies conducting financial literacy education outreach

Legislative Description

Establishes the state financial literacy commission; creates a state financial literacy commission to measurably improve the financial literacy and financial capability of New York state residents.

Last Action

COMMITTED TO RULES

6/17/2016

Committee Referrals

Rules6/17/2016
Banks3/22/2016

Full Bill Text

No bill text available