Assembly BillIntroduced
A 10378: Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.
What A 10378 does, verified May 20, 2026
The bill proposes to exempt the offer of sale of franchises from registration requirements under the General Business Law. The exemption would apply to franchises offered to individuals residing in another state, who will not operate the franchise in the state. The franchisor must still comply with federal and state requirements for such offers and sales. The bill would take effect 90 days after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: held for consideration in economic development (2026-05-19)Alert me
Quick answers about A 10378
- What is the current status of A 10378?
- As of May 20, 2026, A 10378 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on May 19, 2026, was "held for consideration in economic development".
- Did A 10378 pass?
- Not yet. A 10378 has been introduced and has not passed either house.
- Who wrote A 10378, and where is it now?
- A 10378 was authored by Asm. Anil Beephan.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| May. 19, 2026 | held for consideration in economic development |
| Mar. 03, 2026 | referred to economic development |
Latest bill textIntroduced version, March 3, 2026 · 197 words
STATE OF NEW YORK ________________________________________________________________________ 10378 IN ASSEMBLY March 3, 2026 ___________ Introduced by M. of A. BEEPHAN -- read once and referred to the Commit- tee on Economic Development AN ACT to amend the general business law, in relation to exempting the offer of sale of franchises from registration requirements The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 684 of the general business law is 2 amended by adding a new paragraph (e) to read as follows: 3 (e) The offer or sale by a franchisor of a franchise is made to a 4 person residing in another state and who or which will not operate the 5 franchise in this state; provided the franchisor otherwise complies in 6 full with any federal and state requirements relating to such offer or 7 sale. 8 § 2. This act shall take effect on the ninetieth day after it shall 9 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14852-02-6
Text of A 10378 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions