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New York · 2025 Regular Session · Bill

S 1708: Enacts the "bank of Rochester act"

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

S 1708 is a bill introduced in the New York Senate on January 13, 2025. According to its official title, it concerns: Enacts the "bank of Rochester act". Primary sponsor: Samra Brouk (Democratic/Working Families). It lists 5 additional sponsors. 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.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 3 · Democratic/Working Families 3

NameRolePartyChamberDistrict
Samra BroukPrimary sponsorDemocratic/Working FamiliesSenate55
Nathalia FernándezCo-sponsorDemocraticSenate34
Robert JacksonCo-sponsorDemocratic/Working FamiliesSenate31
Brian KavanaghCo-sponsorDemocraticSenate27
Julia SalazarCo-sponsorDemocratic/Working FamiliesSenate18
James SandersCo-sponsorDemocraticSenate10

“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 BANKS
  2. PRINT NUMBER 1708A
  3. AMEND AND RECOMMIT TO BANKS
  4. REFERRED TO BANKS

Sources

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