Senate BillIntroduced
S 4798: Authorizes the New York state department of financial services to oversee the planned closing of bank branch offices by federally chartered banking organizations.
What S 4798 does, verified January 10, 2026
The bill aims to provide the superintendent with detailed information about planned branch closures by state-chartered and federally chartered banking organizations. This information will include the availability of alternative financial services in the affected area and the economic impact on the community. The superintendent will have the authority to conduct meetings with banking organizations and community groups in areas where a branch closing is planned. The requirements of this section do not apply to certain exceptions. The bill takes effect immediately.
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 S 4798
- What is the current status of S 4798?
- As of January 10, 2026, S 4798 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 S 4798 pass?
- Not yet. S 4798 has been introduced and has not passed either house.
- Who wrote S 4798, and where is it now?
- S 4798 was authored by Sen. James Sanders. Its committee of record is Senate Banks.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BANKS |
| Feb. 12, 2025 | REFERRED TO BANKS |
Latest bill textIntroduced version, February 12, 2025 · 233 words
STATE OF NEW YORK ________________________________________________________________________ 4798 2025-2026 Regular Sessions IN SENATE February 12, 2025 ___________ Introduced by Sen. SANDERS -- 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 federally chartered banking organizations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of subdivision 1 of section 28-c of 2 the banking law, as amended by chapter 180 of the laws of 2012, is 3 amended to read as follows: 4 This section is intended to provide the superintendent with detailed 5 information concerning the planned closing of branch offices by state- 6 chartered and federally chartered banking organizations, the availabili- 7 ty of alternative financial services within the general area served by 8 such branch and the economic impact upon the community resulting from 9 such closing, and to provide the superintendent with authority to 10 conduct meetings with banking organizations and community groups in 11 areas where a branch closing is planned. The requirements of this 12 section shall not apply to the following: 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09615-01-5
Text of S 4798 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions