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S04985 Summary:

BILL NOS04985
 
SAME ASSAME AS A01975
 
SPONSORCOMRIE
 
COSPNSR
 
MLTSPNSR
 
Amd §408, BC L; amd §301, Lim Lil L
 
Requires certain companies and corporations to report certain data regarding the gender, race and ethnicity of their employees.
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S04985 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4985
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 14, 2025
                                       ___________
 
        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Corporations,  Authorities
          and Commissions
 
        AN  ACT  to amend the business corporation law and the limited liability
          company law, in relation to requiring  certain  companies  and  corpo-
          rations to report certain data regarding the gender, race and ethnici-
          ty of their employees
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 1 of section 408 of the business corporation  law
     2  is amended by adding a new subparagraph (e) to read as follows:
     3    (e)  For  those  corporations required to file an employer information
     4  report EEO-1 with the  equal  employment  opportunity  commission,  such
     5  corporations shall file a copy of such employer information report EEO-1
     6  with  the  secretary  of  state.  For each corporation that submits data
     7  pursuant to this paragraph, the secretary of  state  shall  publish  the
     8  data  on the gender, race, and ethnicity of each corporation's employees
     9  on the secretary of state's official website.  The  secretary  of  state
    10  shall  publish such information within ninety days of receipt of a prop-
    11  erly filed statement or as soon thereafter as practicable.
    12    § 2. Paragraph 1 of subdivision (e) of  section  301  of  the  limited
    13  liability  company  law, as amended by section 5 of part S of chapter 59
    14  of the laws of 2015, is amended to read as follows:
    15    (1) Except as otherwise provided in this  subdivision,  every  limited
    16  liability company to which this chapter applies, shall biennially in the
    17  calendar  month during which its articles of organization or application
    18  for authority were filed, or effective date thereof if stated,  file  on
    19  forms  prescribed  by  the secretary of state, a statement setting forth
    20  the post office address within or without this state to which the secre-
    21  tary of state shall mail a copy  of  any  process  accepted  against  it
    22  served  upon [him or her] them.  Such address shall supersede any previ-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05190-01-5

        S. 4985                             2
 
     1  ous address on file with the department of state for this purpose. Addi-
     2  tionally, for those limited liability  companies  required  to  file  an
     3  employer  information report EEO-1 with the equal employment opportunity
     4  commission,  such  limited liability companies shall file a copy of such
     5  employer information report EEO-1 with the secretary of state. For  each
     6  limited  liability  company  that submits data pursuant to this subdivi-
     7  sion, the secretary of state shall publish the data on the gender, race,
     8  and ethnicity of each company's employees on the  secretary  of  state's
     9  official  website. The secretary of state shall publish such information
    10  within ninety days of receipt of a properly filed statement or  as  soon
    11  thereafter as practicable.
    12    § 3. This act shall take effect two years after it shall have become a
    13  law.
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