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NY S02011
Bill
Status
3/19/2025
Primary Sponsor
Kevin Parker
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AI Summary
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Requires the Department of State and Public Service Commission to jointly study how public utilities, cable companies, municipal utilities, wireless providers, LIPA, and NY Power Authority report late payments and defaults to consumer credit reporting agencies
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Mandates joint public hearings throughout the state to gather information on utility company credit reporting practices
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Requires submission of a joint report with findings, conclusions, and recommendations to the governor and legislature by December 31, 2026
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Study must include recommendations on regulatory and statutory provisions needed to protect consumers from potentially harmful credit reporting practices by utility providers
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Act expires and is automatically repealed on January 1, 2027
Legislative Description
Directs the department of state and the public service commission to study and report upon the prevalence of the disclosure by public utilities, cable television companies and cellular telephone service providers to credit reporting agencies of late payments and defaults in payment of fees and charges by consumers.
Last Action
REPORTED AND COMMITTED TO FINANCE
2/24/2026