Senate BillIntroduced
S 4531: Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
What S 4531 does, verified January 8, 2026
The bill aims to prevent individuals from using non-public material information to influence the purchase or sale of real property. This information includes details about tax incentives, tax abatement, and other government benefits or decisions. The law would consider this "unlawful dealing in real property" and make it a class A misdemeanor. The bill would take effect 180 days after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CODES (2026-01-07)Alert me
Quick answers about S 4531
- What is the current status of S 4531?
- As of January 8, 2026, S 4531 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 CODES".
- Did S 4531 pass?
- Not yet. S 4531 has been introduced and has not passed either house.
- Who wrote S 4531, and where is it now?
- S 4531 was authored by Sen. Michael Gianaris with 1 coauthor. Its committee of record is Senate Codes.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CODES |
| Feb. 06, 2025 | REFERRED TO CODES |
Latest bill textIntroduced version, February 6, 2025 · 299 words
STATE OF NEW YORK ________________________________________________________________________ 4531 2025-2026 Regular Sessions IN SENATE February 6, 2025 ___________ Introduced by Sens. GIANARIS, RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Codes AN ACT to amend the penal law, in relation to unlawful dealing in real property The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The penal law is amended by adding a new section 190.95 to 2 read as follows: 3 § 190.95 Unlawful dealing in real property. 4 A person is guilty of unlawful dealing in real property when such 5 person uses material governmental information which such person knows or 6 has reason to know is non-public to purchase or sell real property based 7 on an expected change in value of such property relating to such materi- 8 al governmental information. For purposes of this section, "material 9 governmental information" is any material information about the certain 10 awarding or approval of tax incentives, tax abatement, payments in lieu 11 of taxes, bonds, notes, loans, grants, rebates, contracts, land use or 12 environmental decisions, including but not limited to planning and 13 zoning approvals and state environmental quality review act statutes and 14 regulations, by any state or local governmental entity including but not 15 limited to authorities, boards, commissions, industrial development 16 agencies, and regional economic development councils. 17 Unlawful dealing in real property is a class A misdemeanor. 18 § 2. This act shall take effect on the one hundred eightieth day after 19 it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01615-01-5
Text of S 4531 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions