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NY A09338

Bill

Official Source

Status

Introduced

2/23/2022

Primary Sponsor

Simcha Eichenstein

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends New York Banking Law to add section 18-b regarding Holocaust reparations payment fees
  • Defines "victims or targets of Nazi persecution" to include individuals and entities persecuted by the Nazi Regime, plus their heirs, successors, and claimants receiving funds from eligible settlement funds or grantor trusts
  • Requires the superintendent of financial services to maintain and annually update a list of banks and financial institutions doing business in New York that voluntarily waive wire transfer fees and other processing fees for Holocaust reparations payments
  • Mandates the department make the list available to the public on its website
  • Takes effect immediately upon enactment

Legislative Description

Requires the superintendent of financial services to maintain and annually update a list of financial institutions that waive wire transfer or processing fees associated with Holocaust reparations payments.

Last Action

substituted by s8318

5/24/2022

Committee Referrals

Rules5/17/2022
Ways and Means5/10/2022
Banks2/23/2022

Full Bill Text

No bill text available