A6268 (2025-26 session)
NY State bill
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
- Title
- Establishes the "New York public banking act"
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Banks
- Introduced
- 2025-03-03
- Same as
- S1992
- Law section
- Banking Law
Sponsors
- Clyde Vanel Assembly Member, District 33
Co-sponsors
- Diana C. Moreno Assembly Member, District 36
- Linda B. Rosenthal Assembly Member, District 67
Heard in committee
- Banks NY State Assembly committee
Same as
- S1992 (2025-26 session) NY State bill