Bill Text: NY A01476 | 2021-2022 | General Assembly | Introduced


Bill Title: Establishes a taxi industry predatory lending task force to study and analyze predatory lending practices affecting the taxi industry in the state.

Spectrum: Moderate Partisan Bill (Democrat 12-2)

Status: (Introduced - Dead) 2022-01-05 - referred to banks [A01476 Detail]

Download: New_York-2021-A01476-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          1476

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 11, 2021
                                       ___________

        Introduced by M. of A. REYES, GOTTFRIED, JACOBSON, McDONOUGH, DeSTEFANO,
          EPSTEIN,  WILLIAMS, SIMON, RODRIGUEZ, DE LA ROSA, BARRON, TAYLOR, NIOU
          -- Multi-Sponsored by -- M. of A. COOK -- read once  and  referred  to
          the Committee on Banks

        AN  ACT  to  establish a taxi industry predatory lending 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.  There  is  hereby established the taxi industry predatory
     2  lending task force. The purpose of such  task  force  is  to  study  and
     3  analyze  predatory  lending practices affecting the taxi industry in the
     4  state.
     5    § 2. The taxi industry predatory lending task force shall  consist  of
     6  10 members and shall include: the state comptroller or his or her desig-
     7  nee,  the  superintendent  of financial services or his or her designee,
     8  the chairs and ranking minority  members  of  the  senate  and  assembly
     9  committees on transportation or their designees, and 4 members appointed
    10  by  the  governor from the taxi industry. All appointments of members of
    11  the taxi industry predatory lending task force shall be  made  no  later
    12  than thirty days after the effective date of this act.
    13    §  3.  The superintendent of financial services shall be designated as
    14  the chairperson of the taxi industry predatory lending task  force.  The
    15  members  of  the  taxi industry predatory lending task force shall serve
    16  without compensation, except that members shall be allowed their  neces-
    17  sary  and  actual  expenses  incurred in the performance of their duties
    18  under this act.
    19    § 4. The taxi industry predatory lending  task  force  shall  issue  a
    20  report  of  its findings and recommendations to the governor, the tempo-
    21  rary president of the senate and the speaker of the  assembly  no  later
    22  than one year from the effective date of this act.
    23    §  5.  This  act shall take effect immediately and shall expire and be
    24  deemed repealed two years after such effective date.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00106-01-1
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