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New York · 2025 Regular Session · Bill

S 8406: Relates to the community bank deposit program

Passed one chamber 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 8406 is a bill introduced in the New York Senate on June 9, 2025. According to its official title, it concerns: Relates to the community bank deposit program. Primary sponsor: James Sanders (Democratic). Most recent recorded action (February 5, 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.

Relates to the community bank deposit program; increases the maximum amount of funds on deposit at a community banking institution to thirty million dollars.

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. DELIVERED TO ASSEMBLY
  3. PASSED SENATE
  4. ADVANCED TO THIRD READING
  5. 2ND REPORT CAL.
  6. 1ST REPORT CAL.189
  7. REFERRED TO BANKS
  8. RETURNED TO SENATE
  9. DIED IN ASSEMBLY
  10. REFERRED TO BANKS
  11. DELIVERED TO ASSEMBLY
  12. PASSED SENATE

Showing 12 most recent of 14 actions. Full history

Sources

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