Senate BillIntroduced
S 4338: Requires ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt; defines EVM chip and related terms.
What S 4338 does, verified January 10, 2026
The proposed law requires Automated Teller Machines (ATMs) to release the ATM card with an EMV chip before dispensing cash or printing a receipt. This change aims to protect customers from having their cards stolen or compromised when using ATMs. The law also prohibits newly installed ATMs from discharging cash or printing receipts without releasing the card to the customer first. The law applies to ATMs installed after a specified date, and it takes effect on a future date.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BANKS (2026-01-07)Alert me
Author and sponsors
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| Jan. 07, 2026 | REFERRED TO BANKS |
| Feb. 04, 2025 | REFERRED TO BANKS |
Latest bill textIntroduced version, February 4, 2025 · 339 words
STATE OF NEW YORK ________________________________________________________________________ 4338 2025-2026 Regular Sessions IN SENATE February 4, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to requiring ATM machines to release ATM cards with EVM chips prior to disbursing cash or a receipt The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 75-b of the banking law is amended by adding four 2 new subdivisions 10, 11, 12, and 13 to read as follows: 3 10. "EVM chip" means a data storage chip that implements the Europay, 4 Mastercard and Visa technical standard. 5 11. "Chip card" means an automated teller machine card, credit card, 6 or other form of secure-payment card with an EVM chip inset for the 7 purposes of customer data storage. 8 12. "Card dipping" means the insertion of a chip card into a card 9 reader to enable customer data to be read off the EVM chip. 10 13. "Chip enabled automatic teller machine" means an automatic teller 11 machine that reads customer data from a chip card and uses card dipping. 12 § 2. Section 75-c of the banking law is amended by adding a new subdi- 13 vision 4 to read as follows: 14 4. Notwithstanding the provisions of section seventy-five-i of this 15 article, no newly installed chip enabled automatic teller machine shall 16 disburse cash or print a deposit receipt without first releasing the 17 card to the customer and the customer withdrawing the card from the 18 reader. 19 § 3. This act shall take effect on the one hundred eightieth day after 20 it shall have become a law and shall apply to any ATM installed after 21 such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05595-01-5
Text of S 4338 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions