- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A03137 Summary:
BILL NO | A03137 |
  | |
SAME AS | SAME AS S04761 |
  | |
SPONSOR | Abbate |
  | |
COSPNSR | |
  | |
MLTSPNSR | |
  | |
Add §424-a, R & SS L | |
  | |
Prohibits the use of placement agents or intermediaries by investment managers doing business with the common retirement fund. |
A03137 Actions:
BILL NO | A03137 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
01/26/2017 | referred to governmental employees | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2017 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2017 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2017 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2017 | rules report cal.475 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2017 | ordered to third reading rules cal.475 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/20/2017 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/20/2017 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/20/2017 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2018 | DIED IN SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2018 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2018 | ordered to third reading cal.255 | |||||||||||||||||||||||||||||||||||||||||||||||||
03/19/2018 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
03/19/2018 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
03/19/2018 | REFERRED TO CIVIL SERVICE AND PENSIONS | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2018 | SUBSTITUTED FOR S4761 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2018 | 3RD READING CAL.895 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2018 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2018 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
08/13/2018 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
08/21/2018 | signed chap.203 |
A03137 Committee Votes:
Abbate | Aye | Malliotakis | Aye | ||||||
Aubry | Aye | Johns | Aye | ||||||
Colton | Aye | Palumbo | Aye | ||||||
Cusick | Aye | Crouch | Aye | ||||||
Zebrowski | Aye | ||||||||
DenDekker | Aye | ||||||||
Santabarbara | Aye | ||||||||
Brindisi | Aye | ||||||||
D'Urso | Aye | ||||||||
Pheffer Amato | Aye | ||||||||
Farrell | Aye | Oaks | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Barclay | Aye | ||||||
Gantt | Aye | Fitzpatrick | Aye | ||||||
Weinstein | Aye | Hawley | Aye | ||||||
Glick | Aye | Malliotakis | Aye | ||||||
Nolan | Aye | Walter | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Curran | Aye | ||||||
Colton | Aye | Ra | Aye | ||||||
Cook | Aye | ||||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Hooper | Aye | ||||||||
Thiele | Aye | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Moya | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Excused | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Heastie | Aye | Kolb | Aye | ||||||
Gottfried | Aye | Oaks | Aye | ||||||
Lentol | Aye | Butler | Aye | ||||||
Farrell | Aye | Crouch | Aye | ||||||
Gantt | Excused | Finch | Aye | ||||||
Nolan | Aye | Barclay | Aye | ||||||
Weinstein | Aye | Raia | Aye | ||||||
Hooper | Aye | Hawley | Aye | ||||||
Ortiz | Aye | ||||||||
Pretlow | Aye | ||||||||
Cook | Aye | ||||||||
Glick | Aye | ||||||||
Morelle | Aye | ||||||||
Aubry | Aye | ||||||||
Englebright | Aye | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Galef | Aye | ||||||||
Paulin | Aye | ||||||||
Titus | Aye | ||||||||
Peoples-Stokes | Aye | ||||||||
Go to top
A03137 Floor Votes:
Yes
Abbate
Yes
Crouch
Yes
Goodell
Yes
Lifton
ER
O'Donnell
Yes
Sepulveda
Yes
Abinanti
Yes
Curran
Yes
Gottfried
Yes
Lopez
Yes
Ortiz
Yes
Simanowitz
Yes
Arroyo
Yes
Cusick
Yes
Graf
Yes
Lupardo
Yes
Otis
Yes
Simon
Yes
Aubry
Yes
Cymbrowitz
Yes
Gunther
Yes
Lupinacci
Yes
Palmesano
ER
Simotas
Yes
Barclay
ER
Davila
Yes
Harris
Yes
Magee
Yes
Palumbo
Yes
Skartados
Yes
Barnwell
Yes
De La Rosa
Yes
Hawley
Yes
Magnarelli
Yes
Paulin
Yes
Skoufis
Yes
Barrett
Yes
DenDekker
Yes
Hevesi
Yes
Malliotakis
Yes
Pellegrino
Yes
Solages
Yes
Barron
ER
Dickens
Yes
Hikind
Yes
Mayer
Yes
Peoples-Stokes
Yes
Stec
Yes
Benedetto
Yes
Dilan
Yes
Hooper
Yes
McDonald
Yes
Perry
Yes
Steck
Yes
Bichotte
Yes
Dinowitz
Yes
Hunter
Yes
McDonough
Yes
Pheffer Amato
Yes
Stirpe
Yes
Blake
Yes
DiPietro
Yes
Hyndman
Yes
McKevitt
Yes
Pichardo
Yes
Thiele
Yes
Blankenbush
Yes
D'Urso
Yes
Jaffee
ER
McLaughlin
Yes
Pretlow
Yes
Titone
ER
Brabenec
Yes
Englebright
Yes
Jean-Pierre
Yes
Miller B
Yes
Quart
ER
Titus
Yes
Braunstein
Yes
Errigo
Yes
Jenne
Yes
Miller MG
Yes
Ra
Yes
Vanel
Yes
Brindisi
Yes
Fahy
Yes
Johns
Yes
Miller ML
Yes
Raia
Yes
Walker
Yes
Bronson
Yes
Farrell
Yes
Jones
Yes
Montesano
Yes
Ramos
Yes
Wallace
Yes
Buchwald
Yes
Finch
Yes
Joyner
Yes
Morelle
Yes
Richardson
Yes
Walsh
ER
Butler
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Morinello
Yes
Rivera
Yes
Walter
Yes
Byrne
Yes
Friend
Yes
Kearns
Yes
Mosley
ER
Rodriguez
Yes
Weinstein
Yes
Cahill
Yes
Galef
Yes
Kim
Yes
Moya
Yes
Rosenthal
Yes
Weprin
Yes
Carroll
Yes
Gantt
Yes
Kolb
Yes
Murray
Yes
Rozic
Yes
Williams
Yes
Castorina
Yes
Garbarino
ER
Lalor
Yes
Niou
ER
Ryan
Yes
Woerner
Yes
Colton
Yes
Giglio
Yes
Lavine
Yes
Nolan
Yes
Santabarbara
Yes
Wright
Yes
Cook
ER
Gjonaj
Yes
Lawrence
Yes
Norris
Yes
Schimminger
Yes
Zebrowski
Yes
Crespo
Yes
Glick
Yes
Lentol
Yes
Oaks
Yes
Seawright
Yes
Mr. Speaker
‡ Indicates voting via videoconference
Yes
Abbate
Yes
Crouch
Yes
Gunther
ER
Mayer
Yes
Pichardo
Yes
Taylor
Yes
Abinanti
Yes
Curran
Yes
Harris
Yes
McDonald
Yes
Pretlow
Yes
Thiele
Yes
Arroyo
Yes
Cusick
Yes
Hawley
ER
McDonough
Yes
Quart
Yes
Titone
Yes
Aubry
Yes
Cymbrowitz
Yes
Hevesi
Yes
Miller B
Yes
Ra
Yes
Titus
Yes
Barclay
Yes
Davila
Yes
Hikind
Yes
Miller MG
Yes
Raia
Yes
Vanel
Yes
Barnwell
Yes
De La Rosa
Yes
Hooper
Yes
Miller ML
Yes
Ramos
Yes
Walker
Yes
Barrett
Yes
DenDekker
Yes
Hunter
Yes
Montesano
Yes
Richardson
Yes
Wallace
Yes
Barron
ER
Dickens
Yes
Hyndman
Yes
Morelle
Yes
Rivera
Yes
Walsh
Yes
Benedetto
Yes
Dilan
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
ER
Walter
Yes
Bichotte
Yes
Dinowitz
Yes
Jean-Pierre
Yes
Mosley
Yes
Rosenthal D
Yes
Weinstein
Yes
Blake
Yes
DiPietro
Yes
Jenne
Yes
Murray
Yes
Rosenthal L
Yes
Weprin
Yes
Blankenbush
Yes
D'Urso
Yes
Johns
Yes
Niou
Yes
Rozic
Yes
Williams
Yes
Brabenec
Yes
Englebright
Yes
Jones
Yes
Nolan
Yes
Ryan
Yes
Woerner
Yes
Braunstein
Yes
Errigo
Yes
Joyner
Yes
Norris
Yes
Santabarbara
Yes
Wright
Yes
Brindisi
Yes
Fahy
Yes
Kim
Yes
Oaks
Yes
Schimminger
Yes
Zebrowski
Yes
Bronson
Yes
Finch
Yes
Kolb
Yes
O'Donnell
Yes
Seawright
Yes
Mr. Speaker
Yes
Buchwald
Yes
Fitzpatrick
Yes
Lalor
Yes
Ortiz
ER
Sepulveda
Yes
Butler
Yes
Friend
Yes
Lavine
Yes
Otis
Yes
Simon
Yes
Byrne
Yes
Galef
Yes
Lawrence
Yes
Palmesano
Yes
Simotas
Yes
Cahill
ER
Gantt
Yes
Lentol
Yes
Palumbo
ER
Skartados
Yes
Carroll
Yes
Garbarino
Yes
Lifton
Yes
Paulin
Yes
Skoufis
Yes
Castorina
Yes
Giglio
Yes
Lupardo
Yes
Pellegrino
Yes
Solages
Yes
Colton
Yes
Glick
Yes
Magee
Yes
Peoples-Stokes
Yes
Stec
Yes
Cook
Yes
Goodell
Yes
Magnarelli
Yes
Perry
Yes
Steck
Yes
Crespo
Yes
Gottfried
Yes
Malliotakis
Yes
Pheffer Amato
Yes
Stirpe
‡ Indicates voting via videoconference
A03137 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 3137 2017-2018 Regular Sessions IN ASSEMBLY January 26, 2017 ___________ Introduced by M. of A. ABBATE -- (at request of the State Comptroller) -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to prohibiting the use of placement agents by managers doing business with the common retirement fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The retirement and social security law is amended by adding 2 a new section 424-a to read as follows: 3 § 424-a. Use of placement agents or intermediaries prohibited. 1. The 4 fund shall not engage, hire, invest with or commit to an investment 5 manager that is using the services of a placement agent or intermediary 6 to assist such investment manager in obtaining investments by the fund 7 nor shall the fund engage, hire, invest with or commit to an investment 8 manager without obtaining from such investment manager a certification 9 in the form and manner prescribed by the fund stating that such invest- 10 ment manager has not used the services of a placement agent or other 11 intermediary to assist such investment manager in obtaining investments 12 by the fund. 13 2. For the purposes of this section: 14 (a) "investment manager" shall mean any person, other than an employee 15 of the comptroller, or entity engaged by the common retirement fund to 16 manage a part or all of an investment portfolio of the fund. "Manage" 17 shall include, but is not limited to, the analysis of portfolio hold- 18 ings, and the purchase, sale, and lending thereof. Any investment made 19 by the fund pursuant to subdivision seven of section one hundred seven- 20 ty-seven of this chapter shall be deemed to be the investment of the 21 fund in such investment entity rather than in the assets of such invest- 22 ment entity. 23 (b) "placement agent or intermediary" shall mean any person or entity, 24 including registered lobbyists, directly or indirectly engaged and EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06993-01-7A. 3137 2 1 compensated by an investment manager, other than an employee of the 2 investment manager, to assist the investment manager in obtaining 3 investments by the fund whether compensated on a flat fee, a contingent 4 fee, or any other basis. Employees of an investment manager and its 5 affiliates are excluded from this definition unless they are employed 6 principally for the purpose of securing or influencing the decision to 7 secure a particular investment transaction or investment by the fund. 8 § 2. This act shall take effect immediately.