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New York · 2025 Regular Session · Bill

S 4570: Enacts the New York state money transmission disclosure 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 4570 is a bill introduced in the New York Senate on February 7, 2025. According to its official title, it concerns: Enacts the New York state money transmission disclosure act. Primary sponsor: James Sanders (Democratic). 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.

Enacts the New York state money transmission disclosure act; requires each licensee providing a transmission transaction which involves currency of one country into the currency of another country to provide the customer with a written disclosure; authorizes the superintendent of financial services to implement any necessary rules and regulations.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
James SandersPrimary 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. REFERRED TO BANKS

Sources

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