New York · 2025 Regular Session · Bill
S 8939: Relates to the interest rate cap on cash advances against wages or salary
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 8939 is a bill introduced in the New York Senate on January 16, 2026. According to its official title, it concerns: Relates to the interest rate cap on cash advances against wages or salary. Primary sponsor: Samra Brouk (Democratic/Working Families). It lists 6 additional sponsors. Most recent recorded action (January 16, 2026): REFERRED TO JUDICIARY.
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.
Clarifies that all wage and cash advances against salary or future pay are loans subject to the interest rate cap in the general obligations law.
Sponsors
Sponsors by party (alphabetical): Democratic 2 · Democratic/Working Families 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Samra Brouk | Primary sponsor | Democratic/Working Families | Senate | 55 |
| Jabari Brisport | Co-sponsor | Democratic/Working Families | Senate | 25 |
| Cordell Cleare | Co-sponsor | Democratic | Senate | 30 |
| Kristen Gonzalez | Co-sponsor | Democratic/Working Families | Senate | 59 |
| Liz Krueger | Co-sponsor | Democratic/Working Families | Senate | 28 |
| Shelley Mayer | Co-sponsor | Democratic/Working Families | Senate | 37 |
| Zellnor Myrie | Co-sponsor | Democratic | Senate | 20 |
“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 JUDICIARY