A08783 Summary:

BILL NOA08783B
 
SAME ASSAME AS S09013
 
SPONSORVanel
 
COSPNSRKim, Lentol, Woerner, Simon, Lupardo, Titone, Raia, Montesano, Ra, Aubry, Galef, Wright, Mosley, Barron, Skoufis, Pichardo, Blake, Rivera, Niou, Weprin, Otis
 
MLTSPNSRAbinanti, De La Rosa, DenDekker, Giglio
 
 
Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.
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A08783 Actions:

BILL NOA08783B
 
11/27/2017referred to banks
01/03/2018referred to banks
05/07/2018amend (t) and recommit to banks
05/07/2018print number 8783a
05/30/2018reported referred to ways and means
06/05/2018reported referred to rules
06/06/2018reported
06/07/2018rules report cal.50
06/07/2018ordered to third reading rules cal.50
06/11/2018passed assembly
06/11/2018delivered to senate
06/11/2018REFERRED TO RULES
06/14/2018recalled from senate
06/14/2018RETURNED TO ASSEMBLY
06/14/2018vote reconsidered - restored to third reading
06/14/2018amended on third reading 8783b
06/18/2018repassed assembly
06/18/2018returned to senate
06/18/2018RECOMMITTED TO RULES
06/19/2018SUBSTITUTED FOR S9013
06/19/20183RD READING CAL.2020
06/19/2018PASSED SENATE
06/19/2018RETURNED TO ASSEMBLY
12/11/2018delivered to governor
12/21/2018signed chap.456
12/21/2018approval memo.14
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A08783 Committee Votes:

BANKS Chair:Zebrowski DATE:05/30/2018AYE/NAY:25/0 Action: Favorable refer to committee Ways and Means
ZebrowskiAyeLalorAye
PerryAyeFinchAye
MageeExcusedRaiaAye
AbbateAyeCurranAye
MillerAyeMalliotakisAye
WeprinAyeCastorinaExcused
RodriguezAyeByrneAye
RyanAyeMikulinAye
MosleyAye
BichotteExcused
BlakeExcused
Jean-PierreAye
SeawrightAye
RichardsonExcused
DickensAye
De La RosaAye
VanelAye
WrightAye
NiouAye
PellegrinoAye
TaylorExcused
BarnwellAye
SternAye

WAYS AND MEANS Chair:Weinstein DATE:06/05/2018AYE/NAY:31/0 Action: Favorable refer to committee Rules
WeinsteinAyeOaksAye
LentolAyeCrouchAye
SchimmingerAyeBarclayAye
GanttExcusedFitzpatrickAye
GlickAyeHawleyAye
NolanExcusedMalliotakisAye
PretlowAyeWalterAye
PerryAyeMontesanoAye
ColtonAyeCurranAye
CookAyeRaAye
CahillAye
AubryAye
HooperAye
ThieleAye
CusickAye
OrtizAye
BenedettoAye
WeprinAye
RodriguezAye
RamosExcused
BraunsteinAye
McDonaldAye
RozicAye
Peoples-StokesExcused
SimotasAye

RULES Chair:Heastie DATE:06/06/2018AYE/NAY:28/0 Action: Favorable
HeastieAyeKolbAye
GottfriedAyeOaksAye
LentolAyeButlerAye
GanttExcusedCrouchAye
NolanExcusedFinchAye
WeinsteinAyeBarclayAye
HooperAyeRaiaAye
OrtizAyeHawleyAye
PretlowAye
CookAye
GlickAye
MorelleAye
AubryAye
EnglebrightAye
DinowitzAye
ColtonAye
MagnarelliAye
PerryAye
GalefAye
PaulinAye
TitusExcused
Peoples-StokesAye
BenedettoAye

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A08783 Floor Votes:

DATE:06/11/2018Assembly Vote  YEA/NAY: 138/0
Yes
Abbate
Yes
Cook
Yes
Garbarino
Yes
Lupardo
Yes
Pellegrino
Yes
Stec
Yes
Abinanti
Yes
Crespo
Yes
Giglio
Yes
Magee
Yes
Peoples-Stokes
Yes
Steck
Yes
Arroyo
Yes
Crouch
Yes
Glick
Yes
Magnarelli
Yes
Perry
Yes
Stern
Yes
Ashby
Yes
Curran
Yes
Goodell
Yes
Malliotakis
Yes
Pheffer Amato
Yes
Stirpe
Yes
Aubry
Yes
Cusick
Yes
Gottfried
Yes
McDonald
Yes
Pichardo
Yes
Tague
Yes
Barclay
Yes
Cymbrowitz
Yes
Gunther
Yes
McDonough
Yes
Pretlow
Yes
Taylor
Yes
Barnwell
ER
Davila
Yes
Hawley
Yes
Mikulin
Yes
Quart
Yes
Thiele
Yes
Barrett
Yes
De La Rosa
Yes
Hevesi
Yes
Miller B
Yes
Ra
Yes
Titone
Yes
Barron
Yes
DenDekker
ER
Hikind
Yes
Miller MG
Yes
Raia
Yes
Titus
Yes
Benedetto
Yes
Dickens
Yes
Hooper
Yes
Miller ML
ER
Ramos
Yes
Vanel
Yes
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Montesano
Yes
Richardson
Yes
Walker
Yes
Blake
Yes
Dinowitz
Yes
Hyndman
Yes
Morelle
Yes
Rivera
Yes
Wallace
Yes
Blankenbush
Yes
DiPietro
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
Yes
Walsh
Yes
Bohen
Yes
D'Urso
Yes
Jean-Pierre
Yes
Mosley
Yes
Rosenthal D
Yes
Walter
Yes
Brabenec
Yes
Englebright
Yes
Jenne
Yes
Murray
Yes
Rosenthal L
Yes
Weinstein
Yes
Braunstein
Yes
Epstein
Yes
Johns
Yes
Niou
Yes
Rozic
Yes
Weprin
Yes
Brindisi
Yes
Errigo
Yes
Jones
ER
Nolan
Yes
Ryan
Yes
Williams
Yes
Bronson
Yes
Espinal
Yes
Joyner
Yes
Norris
Yes
Santabarbara
Yes
Woerner
Yes
Buchwald
Yes
Fahy
Yes
Kim
Yes
Oaks
Yes
Schimminger
Yes
Wright
Yes
Butler
Yes
Fernandez
Yes
Kolb
ER
O'Donnell
Yes
Seawright
ER
Zebrowski
Yes
Byrne
Yes
Finch
ER
Lalor
Yes
Ortiz
Yes
Simon
Yes
Mr. Speaker
Yes
Cahill
Yes
Fitzpatrick
Yes
Lavine
Yes
Otis
Yes
Simotas
Yes
Carroll
Yes
Friend
Yes
Lawrence
Yes
Palmesano
Yes
Skoufis
Yes
Castorina
Yes
Galef
Yes
Lentol
Yes
Palumbo
Yes
Smith
Yes
Colton
ER
Gantt
Yes
Lifton
Yes
Paulin
Yes
Solages

‡ Indicates voting via videoconference
DATE:06/14/2018MOTION:VANEL; To reconsider YEA/NAY: 131/0
ER
Abbate
Yes
Cook
Yes
Garbarino
Yes
Lupardo
Yes
Pellegrino
Yes
Stec
Yes
Abinanti
Yes
Crespo
Yes
Giglio
Yes
Magee
Yes
Peoples-Stokes
Yes
Steck
ER
Arroyo
ER
Crouch
Yes
Glick
Yes
Magnarelli
Yes
Perry
Yes
Stern
Yes
Ashby
Yes
Curran
Yes
Goodell
Yes
Malliotakis
Yes
Pheffer Amato
Yes
Stirpe
Yes
Aubry
Yes
Cusick
Yes
Gottfried
Yes
McDonald
Yes
Pichardo
Yes
Tague
Yes
Barclay
Yes
Cymbrowitz
Yes
Gunther
Yes
McDonough
Yes
Pretlow
Yes
Taylor
Yes
Barnwell
Yes
Davila
Yes
Hawley
Yes
Mikulin
Yes
Quart
Yes
Thiele
Yes
Barrett
Yes
De La Rosa
Yes
Hevesi
Yes
Miller B
Yes
Ra
Yes
Titone
Yes
Barron
ER
DenDekker
ER
Hikind
Yes
Miller MG
Yes
Raia
ER
Titus
Yes
Benedetto
Yes
Dickens
ER
Hooper
Yes
Miller ML
Yes
Ramos
Yes
Vanel
ER
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Montesano
ER
Richardson
Yes
Walker
ER
Blake
Yes
Dinowitz
Yes
Hyndman
Yes
Morelle
Yes
Rivera
Yes
Wallace
Yes
Blankenbush
ER
DiPietro
Yes
Jaffee
Yes
Morinello
ER
Rodriguez
Yes
Walsh
Yes
Bohen
Yes
D'Urso
Yes
Jean-Pierre
Yes
Mosley
Yes
Rosenthal D
Yes
Walter
Yes
Brabenec
Yes
Englebright
Yes
Jenne
Yes
Murray
Yes
Rosenthal L
Yes
Weinstein
Yes
Braunstein
Yes
Epstein
Yes
Johns
Yes
Niou
Yes
Rozic
Yes
Weprin
Yes
Brindisi
Yes
Errigo
Yes
Jones
Yes
Nolan
Yes
Ryan
ER
Williams
Yes
Bronson
Yes
Espinal
Yes
Joyner
Yes
Norris
Yes
Santabarbara
Yes
Woerner
Yes
Buchwald
Yes
Fahy
Yes
Kim
Yes
Oaks
Yes
Schimminger
Yes
Wright
Yes
Butler
Yes
Fernandez
Yes
Kolb
Yes
O'Donnell
Yes
Seawright
Yes
Zebrowski
Yes
Byrne
Yes
Finch
Yes
Lalor
Yes
Ortiz
Yes
Simon
Yes
Mr. Speaker
Yes
Cahill
Yes
Fitzpatrick
Yes
Lavine
Yes
Otis
ER
Simotas
Yes
Carroll
Yes
Friend
Yes
Lawrence
Yes
Palmesano
Yes
Skoufis
Yes
Castorina
Yes
Galef
Yes
Lentol
Yes
Palumbo
Yes
Smith
Yes
Colton
ER
Gantt
Yes
Lifton
Yes
Paulin
Yes
Solages

‡ Indicates voting via videoconference
DATE:06/18/2018Assembly Vote  YEA/NAY: 138/3
Yes
Abbate
Yes
Cook
Yes
Garbarino
Yes
Lupardo
Yes
Pellegrino
Yes
Stec
Yes
Abinanti
Yes
Crespo
Yes
Giglio
Yes
Magee
Yes
Peoples-Stokes
Yes
Steck
Yes
Arroyo
Yes
Crouch
Yes
Glick
Yes
Magnarelli
Yes
Perry
Yes
Stern
No
Ashby
Yes
Curran
Yes
Goodell
Yes
Malliotakis
Yes
Pheffer Amato
Yes
Stirpe
Yes
Aubry
Yes
Cusick
Yes
Gottfried
Yes
McDonald
Yes
Pichardo
Yes
Tague
Yes
Barclay
Yes
Cymbrowitz
Yes
Gunther
Yes
McDonough
Yes
Pretlow
Yes
Taylor
Yes
Barnwell
Yes
Davila
Yes
Hawley
Yes
Mikulin
Yes
Quart
Yes
Thiele
Yes
Barrett
Yes
De La Rosa
Yes
Hevesi
Yes
Miller B
Yes
Ra
Yes
Titone
Yes
Barron
Yes
DenDekker
Yes
Hikind
Yes
Miller MG
Yes
Raia
Yes
Titus
Yes
Benedetto
Yes
Dickens
Yes
Hooper
Yes
Miller ML
Yes
Ramos
Yes
Vanel
Yes
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Montesano
Yes
Richardson
ER
Walker
Yes
Blake
Yes
Dinowitz
Yes
Hyndman
Yes
Morelle
Yes
Rivera
Yes
Wallace
Yes
Blankenbush
Yes
DiPietro
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
Yes
Walsh
Yes
Bohen
Yes
D'Urso
Yes
Jean-Pierre
Yes
Mosley
Yes
Rosenthal D
Yes
Walter
Yes
Brabenec
Yes
Englebright
Yes
Jenne
Yes
Murray
Yes
Rosenthal L
Yes
Weinstein
Yes
Braunstein
Yes
Epstein
Yes
Johns
Yes
Niou
Yes
Rozic
Yes
Weprin
ER
Brindisi
Yes
Errigo
Yes
Jones
Yes
Nolan
Yes
Ryan
Yes
Williams
Yes
Bronson
Yes
Espinal
Yes
Joyner
Yes
Norris
Yes
Santabarbara
Yes
Woerner
Yes
Buchwald
Yes
Fahy
ER
Kim
Yes
Oaks
Yes
Schimminger
Yes
Wright
Yes
Butler
Yes
Fernandez
Yes
Kolb
Yes
O'Donnell
Yes
Seawright
Yes
Zebrowski
Yes
Byrne
Yes
Finch
No
Lalor
Yes
Ortiz
Yes
Simon
Yes
Mr. Speaker
Yes
Cahill
Yes
Fitzpatrick
ER
Lavine
Yes
Otis
Yes
Simotas
Yes
Carroll
Yes
Friend
Yes
Lawrence
Yes
Palmesano
Yes
Skoufis
No
Castorina
Yes
Galef
Yes
Lentol
Yes
Palumbo
Yes
Smith
Yes
Colton
ER
Gantt
Yes
Lifton
Yes
Paulin
Yes
Solages

‡ Indicates voting via videoconference
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A08783 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8783--B
                                                                    R. R. 50
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    November 27, 2017
                                       ___________
 
        Introduced  by  M.  of  A.  VANEL, KIM, LENTOL, WOERNER, SIMON, LUPARDO,
          TITONE, RAIA, MONTESANO, RA, AUBRY,  GALEF,  WRIGHT,  MOSLEY,  BARRON,
          SKOUFIS,  PICHARDO,  BLAKE,  RIVERA, NIOU, WEPRIN, OTIS -- Multi-Spon-
          sored by -- M. of A.  ABINANTI, DE LA ROSA, DenDEKKER, GIGLIO --  read
          once  and  referred  to  the  Committee on Banks -- recommitted to the
          Committee on Banks in accordance with  Assembly  Rule  3,  sec.  2  --
          committee  discharged,  bill amended, ordered reprinted as amended and
          recommitted to said committee -- reported and referred to the  Commit-
          tee  on  Ways  and  Means -- reported and referred to the Committee on
          Rules -- ordered to a third reading, passed by Assembly and  delivered
          to  the  Senate,  recalled  from  the  Senate, vote reconsidered, bill
          amended, ordered reprinted, retaining its place on the  special  order
          of third reading
 
        AN  ACT  to establish the digital currency task force; and providing for
          the repeal of such provisions upon expiration thereof
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The  legislature  hereby  establishes  the New York state
     2  digital currency task  force  (referred  to  hereinafter  as  the  "task
     3  force")  to provide the governor and the legislature with information on
     4  the effects of the widespread use of cryptocurrencies and other forms of
     5  digital currencies and their ancillary systems in the state.
     6    § 2. 1. The task force shall consist of nine members as follows:
     7    a. three members appointed by the governor;
     8    b. two members appointed by the temporary president of the senate;
     9    c. two members appointed by the speaker of the assembly;
    10    d. one member appointed by the minority leader of the senate; and
    11    e. one member appointed by the minority leader of the assembly.
    12    2. The members of the task force shall  receive  no  compensation  for
    13  their services, but shall be allowed their actual and necessary expenses
    14  incurred in the performance of their duties pursuant to this act.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13663-06-8

        A. 8783--B                          2
 
     1    3.  Any  vacancies in the membership of the task force shall be filled
     2  in the same manner provided for in the initial appointment.
     3    4.  The task force may consult with any organization, government enti-
     4  ty, or person, in the development of its report required  under  section
     5  three of this act.
     6    §  3.  On  or before December 15, 2020, the task force shall submit to
     7  the governor, the temporary president of the senate and the  speaker  of
     8  the  assembly  a  report  containing,  but not limited to, the following
     9  information based on available data:
    10    a. a review of the digital  currency,  cryptocurrency  and  blockchain
    11  industries in New York state;
    12    b.  the  number of digital currencies currently being traded and their
    13  approximate percentage of market share;
    14    c. the number of exchanges operating in New York state and their aver-
    15  age monthly trade volume;
    16    d. the use of digital  currencies'  impact  on  state  and  local  tax
    17  receipts;
    18    e.  the  types  of  investment  entities  that  are large investors in
    19  digital currency;
    20    f. the energy consumption necessary for  coin  mining  operations  and
    21  other policy considerations related thereto;
    22    g.  the  transparency  of  the  digital  currency  marketplace and the
    23  related potential of market manipulation and other illegal activities;
    24    h. a review of laws and regulations on digital currency used by  other
    25  states, the federal government, foreign countries, and foreign political
    26  and economic unions to regulate the marketplace; and
    27    i.  legislative  and  regulatory  recommendations, if any, to increase
    28  transparency and security, enhance consumer protections, and to  address
    29  the long term impact related to the use of cryptocurrency.
    30    §  4. This act shall take effect immediately and shall expire December
    31  15, 2020 when upon such date the provisions of this act shall be  deemed
    32  repealed.
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