- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A09275 Summary:
BILL NO | A09275 |
  | |
SAME AS | SAME AS S08343 |
  | |
SPONSOR | Vanel |
  | |
COSPNSR | Peoples-Stokes, Taylor |
  | |
MLTSPNSR | |
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Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state. |
A09275 Actions:
BILL NO | A09275 | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/09/2022 | referred to banks | |||||||||||||||||||||||||||||||||||||||||||||||||
02/15/2022 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | rules report cal.67 | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | ordered to third reading rules cal.67 | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
03/28/2022 | REFERRED TO BANKS | |||||||||||||||||||||||||||||||||||||||||||||||||
06/02/2022 | SUBSTITUTED FOR S8343 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/02/2022 | 3RD READING CAL.929 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2022 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2022 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
11/22/2022 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
11/23/2022 | vetoed memo.60 | |||||||||||||||||||||||||||||||||||||||||||||||||
11/23/2022 | tabled |
A09275 Committee Votes:
Fahy | Aye | Lalor | Aye | ||||||
Perry | Aye | Mikulin | Aye | ||||||
Abbate | Aye | Manktelow | Aye | ||||||
Weprin | Aye | Smullen | Aye | ||||||
Bichotte Hermel | Aye | Fitzpatrick | Aye | ||||||
Jean-Pierre | Aye | Angelino | Aye | ||||||
Seawright | Aye | Lawler | Aye | ||||||
Dickens | Absent | Lemondes | Aye | ||||||
Vanel | Aye | ||||||||
Niou | Aye | ||||||||
Taylor | Aye | ||||||||
Barnwell | Aye | ||||||||
Stern | Aye | ||||||||
Hevesi | Aye | ||||||||
Sayegh | Aye | ||||||||
Burke | Aye | ||||||||
Buttenschon | Aye | ||||||||
Anderson | Aye | ||||||||
Mitaynes | Aye | ||||||||
Septimo | Aye | ||||||||
Tapia | Aye | ||||||||
Weinstein | Aye | Ra | Aye | ||||||
Glick | Excused | Fitzpatrick | Nay | ||||||
Nolan | Aye | Hawley | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Excused | Blankenbush | Nay | ||||||
Colton | Aye | Norris | Aye | ||||||
Cook | Aye | Brabenec | Nay | ||||||
Cahill | Aye | Palmesano | Aye | ||||||
Aubry | Aye | Byrne | Nay | ||||||
Cusick | Aye | Ashby | Aye | ||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Dinowitz | Aye | ||||||||
Joyner | Aye | ||||||||
Magnarelli | Aye | ||||||||
Zebrowski | Aye | ||||||||
Bronson | Aye | ||||||||
Dilan | Aye | ||||||||
Seawright | Aye | ||||||||
Hyndman | Aye | ||||||||
Walker | Aye | ||||||||
Heastie | Excused | Barclay | Aye | ||||||
Gottfried | Aye | Hawley | Aye | ||||||
Nolan | Excused | Giglio | Aye | ||||||
Weinstein | Aye | Blankenbush | Aye | ||||||
Pretlow | Aye | Norris | Aye | ||||||
Cook | Aye | Montesano | Aye | ||||||
Glick | Excused | Ra | Aye | ||||||
Aubry | Aye | Brabenec | Nay | ||||||
Englebright | Aye | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Excused | ||||||||
Paulin | Aye | ||||||||
Peoples-Stokes | Aye | ||||||||
Benedetto | Aye | ||||||||
Lavine | Aye | ||||||||
Lupardo | Aye | ||||||||
Zebrowski | Aye | ||||||||
Thiele | Aye | ||||||||
Braunstein | Aye | ||||||||
Dickens | Aye | ||||||||
Davila | Aye | ||||||||
Go to top
A09275 Floor Votes:
Yes
Abbate
Yes
Colton
Yes
Galef
Yes
Lalor
Yes
Paulin
Yes
Smith
Yes
Abinanti
Yes
Conrad
No
Gallagher
Yes
Lavine
Yes
Peoples-Stokes
Yes
Smullen
Yes
Anderson
Yes
Cook
No
Gallahan
Yes
Lawler
Yes
Perry
Yes
Solages
No
Angelino
Yes
Cruz
Yes
Gandolfo
No
Lemondes
Yes
Pheffer Amato
Yes
Steck
Yes
Ashby
Yes
Cusick
Yes
Gibbs
Yes
Lucas
Yes
Pretlow
Yes
Stern
Yes
Aubry
Yes
Cymbrowitz
No
Giglio JA
Yes
Lunsford
ER
Quart
Yes
Stirpe
Yes
Barclay
Yes
Darling
No
Giglio JM
Yes
Lupardo
Yes
Ra
No
Tague
Yes
Barnwell
Yes
Davila
Yes
Glick
Yes
Magnarelli
Yes
Rajkumar
Yes
Tannousis
Yes
Barrett
Yes
De Los Santos
No
Gonzalez-Rojas
No
Mamdani
Yes
Ramos
Yes
Tapia
Yes
Benedetto
Yes
DeStefano
No
Goodell
Yes
Manktelow
Yes
Reilly
Yes
Taylor
Yes
Bichotte Hermel
Yes
Dickens
Yes
Gottfried
Yes
McDonald
Yes
Reyes
Yes
Thiele
No
Blankenbush
Yes
Dilan
Yes
Griffin
No
McDonough
Yes
Rivera J
Yes
Vanel
Yes
Brabenec
Yes
Dinowitz
Yes
Gunther
Yes
McMahon
Yes
Rivera JD
Yes
Walczyk
Yes
Braunstein
No
DiPietro
Yes
Hawley
Yes
Meeks
Yes
Rosenthal D
Yes
Walker
Yes
Bronson
Yes
Durso
Yes
Hevesi
Yes
Mikulin
No
Rosenthal L
Yes
Wallace
Yes
Brown
Yes
Eichenstein
Yes
Hunter
No
Miller
Yes
Rozic
Yes
Walsh
Yes
Burdick
Yes
Englebright
Yes
Hyndman
Yes
Mitaynes
No
Salka
Yes
Weinstein
Yes
Burgos
No
Epstein
Yes
Jackson
Yes
Montesano
Yes
Santabarbara
Yes
Weprin
Yes
Burke
Yes
Fahy
Yes
Jacobson
Yes
Morinello
Yes
Sayegh
Yes
Williams
No
Buttenschon
Yes
Fall
Yes
Jean-Pierre
No
Niou
Yes
Schmitt
Yes
Woerner
No
Byrne
Yes
Fernandez
Yes
Jensen
Yes
Nolan
Yes
Seawright
Yes
Zebrowski
No
Byrnes
No
Fitzpatrick
Yes
Jones
Yes
Norris
Yes
Septimo
Yes
Zinerman
Yes
Cahill
Yes
Forrest
Yes
Joyner
Yes
O'Donnell
Yes
Sillitti
Yes
Mr. Speaker
Yes
Carroll
No
Friend
No
Kelles
Yes
Otis
Yes
Simon
Yes
Clark
Yes
Frontus
Yes
Kim
Yes
Palmesano
No
Simpson
‡ Indicates voting via videoconference
A09275 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 9275 IN ASSEMBLY February 9, 2022 ___________ Introduced by M. of A. VANEL -- read once and referred to the Committee on Banks AN ACT in relation to establishing the New York state cryptocurrency and blockchain study 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. Short title. This act shall be known and may be cited as 2 the "New York state cryptocurrency and blockchain study act". 3 § 2. There is hereby established the New York state cryptocurrency and 4 blockchain study task force (hereinafter referred to as "the task 5 force") to provide the governor and the legislature with information on 6 the effects of the widespread use of cryptocurrencies and other forms of 7 digital currencies and their ancillary systems, including but not limit- 8 ed to blockchain technology, in the state. 9 § 3. 1. The task force shall consist of sixteen members as follows: 10 a. seven members appointed by the governor, which shall include the 11 following five members: 12 i. the superintendent of the department of financial services, or his 13 or her designee; 14 ii. the commissioner of the department of environmental conservation, 15 or his or her designee; 16 iii. a representative from the financial services industry; 17 iv. a representative from a state or national organization promoting 18 environmental conservation; and 19 v. a representative who is a faculty member of an accredited college 20 or university in New York state with experience in economic studies. 21 b. the comptroller of the State of New York, or his or her designee. 22 c. four members appointed by the temporary president of the senate; 23 and 24 d. four members appointed by the speaker of the assembly. 25 2. To the extent practicable, members appointed to the task force 26 shall have relevant experience and knowledge concerning the digital 27 currency, cryptocurrency and blockchain industries. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14668-01-2A. 9275 2 1 3. The members of the task force shall receive no compensation for 2 their services, but shall be allowed their actual and necessary expenses 3 incurred in the performance of their duties pursuant to this act. 4 4. Any vacancies in the membership of the task force shall be filled 5 in the same manner provided for in the initial appointment. 6 5. The task force may consult with any organization, government enti- 7 ty, or person, in the development of its report required under section 4 8 of this act. 9 6. The members of the task force shall be appointed no later than 10 ninety days after the effective date of this act. 11 § 4. On or before December 15, 2024, the task force shall submit to 12 the governor, the temporary president of the senate and the speaker of 13 the assembly a report containing, but not limited to, the following 14 information based on available data: 15 a. a review of the digital currency, cryptocurrency and blockchain 16 industries in New York state; 17 b. the number of digital currencies currently being traded and their 18 approximate percentage of market share; 19 c. the number of exchanges operating in New York state and their aver- 20 age monthly trade volume; 21 d. the use of digital currencies' impact on state and local tax 22 receipts; 23 e. the types of investment entities that are large investors in 24 digital currency; 25 f. the energy consumption necessary for coin mining operations and 26 other policy considerations related thereto; 27 g. the environmental impact of coin mining operations; 28 h. the transparency of the digital currency marketplace and the 29 related potential of market manipulation and other illegal activities; 30 i. a review of laws and regulations on digital currency used by other 31 states, the federal government, foreign countries, and foreign political 32 and economic unions to regulate the marketplace; and 33 j. legislative and regulatory recommendations, if any, to increase 34 transparency and security, enhance consumer protections, and to address 35 the long-term impact related to the use of cryptocurrency. 36 § 5. This act shall take effect immediately and shall expire December 37 15, 2024 when upon such date the provisions of this act shall be deemed 38 repealed.