STATE OF NEW YORK
________________________________________________________________________
10579
IN SENATE
May 27, 2026
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks
AN ACT to amend chapter 62 of the laws of 2011, relating to constituting
chapter 18-A of the consolidated laws relating to financial services,
in relation to extending the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (e) of section 114 of part A of chapter 62 of
2 the laws of 2011, relating to constituting chapter 18-A of the consol-
3 idated laws relating to financial services, as amended by chapter 302 of
4 the laws of 2021, is amended to read as follows:
5 (e) section 205-b of the financial services law as added by section
6 one of this act shall expire October 3, [2026] 2031, when upon such date
7 the provisions of such section shall be deemed repealed;
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15922-01-6
