NY A02239

Establishes an Office of Financial Resilience within the Department of Financial Services, headed by a Chief Financial Resilience Officer and Chief Cooperative Economist appointed by the superintendent.

Authorizes the office to develop programs supporting local economies including community currencies, blockchain-backed solutions, cooperative and peer-to-peer economic models, and strategies connecting unmet community needs with resources.

Directs the office to conduct financial workshops and provide guidance to local communities interested in building cooperative and peer-to-peer systems.

Empowers the office to advocate on behalf of blockchain startups and companies focused on supporting local economies.

Takes effect immediately upon enactment.