NY A03099

Establishes an Office of Financial Resilience within the banking department, led 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 solutions, cooperative and peer-to-peer economic models, and strategies connecting community needs with resources.

Empowers the office to conduct financial workshops, provide guidance to communities building cooperative systems, and advocate for blockchain startups focused on local economic development.

Allows the office to coordinate efforts converting student debt into functioning currencies as part of its financial resilience initiatives.

Takes effect immediately upon enactment.