S1708 (2025-26 session)
NY State bill
Establishes the bank of Rochester, including provisions related to definitions; sponsors and corporate structure; powers and restrictions; governance; charter requirements; financial and operations frameworks; transparency and financial reporting; insurance; deposits; policy mandates; ethics and financial disclosure; inconsistency with other laws; and owners not to be considered bank holding companies.
- Title
- Enacts the "bank of Rochester act"
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Banks
- Introduced
- 2025-01-13
- Active version
- S1708A
- Same as
- A6409
- Law section
- Banking Law
Sponsors
Co-sponsors
- Brian Kavanagh State Senator, District 27
- James Sanders Jr. State Senator, District 10
- Julia Salazar State Senator, District 18
- Nathalia Fernandez State Senator, District 34
- Robert Jackson State Senator, District 31
Heard in committee
- Banks NY State Senate committee
Same as
- A6409 (2025-26 session) NY State bill