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Home/Bills/A 3144New York · 2025–2026 Legislative Session
Assembly BillIntroducedBNK

A 3144: Requires 10% of the penalties imposed by the superintendent of financial services to be deposited in the community development financial institution fund.

New York · Assembly · 2025–2026 Legislative Session · last verified January 8, 2026

What A 3144 does, verified January 8, 2026

The bill aims to dedicate ten percent of fines and penalties imposed by the superintendent of financial services to the community development financial institution fund. This fund supports local economic development and financial inclusion. The penalties in question include those imposed by the banking law and the insurance law. The bill will take effect on the first day of September following its enactment into law.

Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to banks (2026-01-07)Alert me
Quick answers about A 3144
What is the current status of A 3144?
As of January 8, 2026, A 3144 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to banks".
Did A 3144 pass?
Not yet. A 3144 has been introduced and has not passed either house.
Who wrote A 3144, and where is it now?
A 3144 was authored by Asm. Linda Rosenthal. Its committee of record is Assembly Banks. It is filed under BNK, alongside 17 other New York BNK bills this session.
Author and sponsors
Asm. Linda RosenthalAuthor · New York State Assembly
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Recent actions2 total · showing 2
Jan. 07, 2026referred to banks
Jan. 23, 2025referred to banks
Latest bill textIntroduced version, January 23, 2025 · 294 words
  
  STATE OF NEW YORK ________________________________________________________________________ 3144 2025-2026 Regular Sessions  IN ASSEMBLY January 23, 2025 ___________ Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Banks AN ACT to amend the banking law and the insurance law, in relation to dedicating ten percent of the fines and penalties imposed by the superintendent of financial services for deposit into the community development financial institution fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 44 of the banking law is amended by adding a new 2 subdivision 10 to read as follows: 3 10. Notwithstanding any provision of law to the contrary, ten percent 4 of all penalties imposed and collected pursuant to this section shall be 5 dedicated to and deposited into the community development financial 6 institution fund established pursuant to subdivision three of section 7 sixteen-o of the New York state urban development corporation act. 8 § 2. Section 109 of the insurance law is amended by adding a new 9 subsection (e) to read as follows: 10 (e) Notwithstanding any provision of law to the contrary, ten percent 11 of all penalties imposed and collected pursuant to this section shall be 12 dedicated to and deposited into the community development financial 13 institution fund established pursuant to subdivision three of section 14 sixteen-o of the New York state urban development corporation act. 15 § 3. This act shall take effect on the first of September next 16 succeeding the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05029-01-5
Text of A 3144 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions
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