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NY A08919

Bill

Status

Introduced

1/19/2022

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Banking Law Section 371 to require the superintendent of banks to establish rules and regulations mandating that licensed cashers of checks file suspicious activity reports

  • Updates gender-neutral language in Section 371 by changing "he" to "or she" when referencing the superintendent's authority

  • Grants the superintendent authority to implement suspicious activity reporting requirements through regulatory rulemaking in addition to existing powers

  • Takes effect immediately upon enactment

Legislative Description

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Last Action

referred to banks

1/19/2022

Committee Referrals

Banks1/19/2022

Full Bill Text

No bill text available