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New York · 2025 Regular Session · Bill

A 5471: Relates to equitable investment practices

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

A 5471 is a bill introduced in the New York House on February 14, 2025. According to its official title, it concerns: Relates to equitable investment practices. Primary sponsor: George Alvarez (Democratic). It lists 14 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO GOVERNMENTAL EMPLOYEES.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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).

Sponsors

Sponsors by party (alphabetical): Democratic 13 · Democratic/Working Families 2

NameRolePartyChamberDistrict
George AlvarezPrimary sponsorDemocraticHouse78
Noah BurroughsCo-sponsorDemocratic/Working FamiliesHouse18
Catalina CruzCo-sponsorDemocraticHouse39
Landon DaisCo-sponsorDemocraticHouse77
Rodneyse Bichotte HermelynCo-sponsorDemocraticHouse42
Alicia HyndmanCo-sponsorDemocraticHouse29
Chantel JacksonCo-sponsorDemocraticHouse79
Grace LeeCo-sponsorDemocraticHouse65
Demond MeeksCo-sponsorDemocratic/Working FamiliesHouse137
Steven RagaCo-sponsorDemocraticHouse30
Karines ReyesCo-sponsorDemocraticHouse87
Manny De Los SantosCo-sponsorDemocraticHouse72
Yudelka TapiaCo-sponsorDemocraticHouse86
Al TaylorCo-sponsorDemocraticHouse71
Jordan WrightCo-sponsorDemocraticHouse70

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO GOVERNMENTAL EMPLOYEES
  2. PRINT NUMBER 5471B
  3. AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
  4. PRINT NUMBER 5471A
  5. AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
  6. REFERRED TO GOVERNMENTAL EMPLOYEES

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source