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NY S05433

Bill

Official Source

Status

Engrossed

6/11/2019

Primary Sponsor

Brian Benjamin

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Prohibits state chartered banking institutions from providing financing for or investing in stocks, securities, or other obligations of any entity that owns or operates a private prison or contracts with government to manage or run a prison

  • Applies the definition of "state chartered banking institution" as defined in subdivision one of section 12-a of the banking law

  • Takes effect immediately upon enactment and applies to all contracts entered into, renewed, modified, or amended on or after the effective date

Legislative Description

Prohibits state chartered banking institutions from investing in and providing financing for private prisons.

Last Action

referred to banks

2/13/2020

Committee Referrals

Banks2/13/2020
Banks1/8/2020
Rules6/11/2019
Banks5/1/2019

Full Bill Text

No bill text available