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New York · 2025 Regular Session · Bill

S 8020: 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

S 8020 is a bill introduced in the New York Senate on May 15, 2025. According to its official title, it concerns: Relates to equitable investment practices. Primary sponsor: Leroy Comrie (Democratic). It lists 3 additional sponsors. Most recent recorded action (January 8, 2026): PRINT NUMBER 8020A.

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 3 · Democratic/Working Families 1

NameRolePartyChamberDistrict
Leroy ComriePrimary sponsorDemocraticSenate14
Zellnor MyrieCo-sponsorDemocraticSenate20
Kevin ParkerCo-sponsorDemocratic/Working FamiliesSenate21
Luis SepúlvedaCo-sponsorDemocraticSenate32

“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. PRINT NUMBER 8020A
  2. AMEND (T) AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
  3. REFERRED TO CIVIL SERVICE AND PENSIONS
  4. REFERRED TO CIVIL SERVICE AND PENSIONS

Sources

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