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NY A11309
Bill
Status
8/15/2018
Primary Sponsor
Ron Kim
Click for details
AI Summary
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Establishes the Office of Financial Resilience within the banking department, headed by a Chief Financial Resilience Officer and Chief Cooperative Economist appointed by the superintendent
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Authorizes the office to develop programs assisting local communities in creating community currencies, implementing blockchain solutions, building cooperative and peer-to-peer economies, and connecting unmet needs with resources
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Empowers the office to conduct financial workshops and provide guidance to local communities on cooperative and peer-to-peer financial systems
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Directs the office to advocate on behalf of blockchain startups and companies focused on supporting local economies
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Takes effect immediately upon enactment
Legislative Description
Establishes the office of financial resilience to develop and implement new programs and initiatives for the purpose of supporting local economies and promoting resilient financial models.
Last Action
referred to banks
8/15/2018