Senate BillIntroduced
S 6110: Establishes the office of financial resilience to develop and implement new programs and initiatives for the purpose of supporting local economies and promoting resilient financial models.
What S 6110 does, verified January 8, 2026
The proposed law establishes the Office of Financial Resilience within the Department to support local economies and promote resilient financial models. The office will be headed by a chief financial resilience officer and a chief cooperative economist, who will appoint staff to perform various functions. The office will have the power and responsibility to develop and implement programs and initiatives that assist local communities in creating community currencies, building blockchain-backed solutions, and learning how to implement cooperative and peer-to-peer economies. The office will also conduct workshops on financial topics, offer financial assistance and guidance to local communities, and advocate on behalf of blockchain startups and companies focused on building and supporting local economies. The law will take 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 6110
- What is the current status of S 6110?
- As of January 8, 2026, S 6110 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 6110 pass?
- Not yet. S 6110 has been introduced and has not passed either house.
- Who wrote S 6110, and where is it now?
- S 6110 was authored by Sen. Kevin Parker. 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 |
| Mar. 05, 2025 | REFERRED TO BANKS |
Latest bill textIntroduced version, March 5, 2025 · 335 words
STATE OF NEW YORK ________________________________________________________________________ 6110 2025-2026 Regular Sessions IN SENATE March 5, 2025 ___________ Introduced by Sen. PARKER -- 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 establishing the office of financial resilience The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The banking law is amended by adding a new section 46 to 2 read as follows: 3 § 46. Office of financial resilience. 1. There is hereby established 4 within the department the office of financial resilience. The super- 5 intendent shall appoint the chief financial resilience officer and chief 6 cooperative economist who shall appoint staff and perform such other 7 functions to ensure the efficient operation of the office within the 8 amounts made available therefor by appropriation. 9 2. The office of financial resilience shall have the power and respon- 10 sibility to: 11 (a) develop and implement new programs and initiatives for the purpose 12 of supporting local economies and promoting resilient financial models. 13 Such programs and initiatives shall assist local communities in: 14 (i) creating community currencies; 15 (ii) building blockchain-backed solutions to support local growth; 16 (iii) learning how to implement cooperative and peer-to-peer econo- 17 mies; 18 (iv) implementing strategies that will help communities connect unmet 19 needs with resources; and 20 (v) coordinating efforts to turn student debt into functioning curren- 21 cies; 22 (b) conduct workshops on financial topics and offer financial assist- 23 ance and guidance to local communities interested in building cooper- 24 ative and peer-to-peer systems; and 25 (c) advocate on behalf of blockchain startups and companies focused on 26 building and supporting local economies. 27 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10572-01-5
Text of S 6110 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions