New York · 2025 Regular Session · Bill
S 1290: Allows the department of financial services to impose penalties on unlawfully unlicensed entities
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1290 is a bill introduced in the New York Senate on January 9, 2025. According to its official title, it concerns: Allows the department of financial services to impose penalties on unlawfully unlicensed entities. Primary sponsor: Liz Krueger (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO BANKS.
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.
Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Liz Krueger | Primary sponsor | Democratic/Working Families | Senate | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO BANKS
- RETURNED TO SENATE
- DIED IN ASSEMBLY
- REFERRED TO BANKS
- DELIVERED TO ASSEMBLY
- PASSED SENATE
- ADVANCED TO THIRD READING
- 2ND REPORT CAL.
- 1ST REPORT CAL.388
- REFERRED TO BANKS