New York · 2025 Regular Session · Bill
S 1992: Establishes the "New York public banking act"
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1992 is a bill introduced in the New York Senate on January 14, 2025. According to its official title, it concerns: Establishes the "New York public banking act". Primary sponsor: James Sanders (Democratic). It lists 31 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 "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Sponsors
Sponsors by party (alphabetical): Democratic 13 · Democratic/Working Families 17
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| James Sanders | Primary sponsor | Democratic | Senate | 10 |
| Jamaal Bailey | Co-sponsor | Democratic/Working Families | Senate | 36 |
| Jabari Brisport | Co-sponsor | Democratic/Working Families | Senate | 25 |
| Samra Brouk | Co-sponsor | Democratic/Working Families | Senate | 55 |
| Cordell Cleare | Co-sponsor | Democratic | Senate | 30 |
| Leroy Comrie | Co-sponsor | Democratic | Senate | 14 |
| Jeremy Cooney | Co-sponsor | Democratic/Working Families | Senate | 56 |
| Pat Fahy | Co-sponsor | Democratic | Senate | 46 |
| Nathalia Fernández | Co-sponsor | Democratic | Senate | 34 |
| Michael Gianaris | Co-sponsor | Not applicable (committee) | — | — |
| Kristen Gonzalez | Co-sponsor | Democratic/Working Families | Senate | 59 |
| Andrew Gounardes | Co-sponsor | Democratic | Senate | 26 |
| Pete Harckham | Co-sponsor | Democratic/Working Families | Senate | 40 |
| Michelle Hinchey | Co-sponsor | Democratic/Working Families | Senate | 41 |
| Brad Hoylman-Sigal | Co-sponsor | Not applicable (committee) | — | — |
| Robert Jackson | Co-sponsor | Democratic/Working Families | Senate | 31 |
| Brian Kavanagh | Co-sponsor | Democratic | Senate | 27 |
| Liz Krueger | Co-sponsor | Democratic/Working Families | Senate | 28 |
| John Liu | Co-sponsor | Democratic | Senate | 16 |
| Rachel May | Co-sponsor | Democratic/Working Families | Senate | 48 |
| Shelley Mayer | Co-sponsor | Democratic/Working Families | Senate | 37 |
| Zellnor Myrie | Co-sponsor | Democratic | Senate | 20 |
| Kevin Parker | Co-sponsor | Democratic/Working Families | Senate | 21 |
| Roxanne Persaud | Co-sponsor | Democratic | Senate | 19 |
| Jessica Ramos | Co-sponsor | Democratic/Working Families | Senate | 13 |
| Gustavo Rivera | Co-sponsor | Democratic/Working Families | Senate | 33 |
| Julia Salazar | Co-sponsor | Democratic/Working Families | Senate | 18 |
| Luis Sepúlveda | Co-sponsor | Democratic | Senate | 32 |
| Jose Serrano | Co-sponsor | Democratic/Working Families | Senate | 29 |
| James Skoufis | Co-sponsor | Democratic | Senate | 42 |
| Toby Stavisky | Co-sponsor | Democratic | Senate | 11 |
| Lea Webb | Co-sponsor | Democratic/Working Families | Senate | 52 |
“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
- REFERRED TO BANKS