S8020 (2025-26 session)
NY State bill
Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).
- Title
- Relates to equitable investment practices
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-08
- In committee
- Civil Service And Pensions
- Introduced
- 2025-05-15
- Active version
- S8020A
- Same as
- A5471
- Law section
- Retirement and Social Security Law
Sponsors
- Leroy Comrie State Senator, District 14
Co-sponsors
- Kevin S. Parker State Senator, District 21
- Luis R. Sepúlveda State Senator, District 32
- Zellnor Myrie State Senator, District 20
Heard in committee
- Civil Service And Pensions NY State Senate committee
Same as
- A5471 (2025-26 session) NY State bill