S 6125: Prohibits payment card networks from assessing penalties against small businesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement; declares any clause of a contract, agreement, or arrangement in violation of such provision void.
What S 6125 does, verified May 6, 2026
The bill aims to protect small businesses and financial intermediaries in New York from penalties assessed by payment card networks for failing to comply with the credit card surcharge notice requirement. The law defines a payment card network as an entity that provides proprietary services, infrastructure, and software for debit and credit transactions. The bill prohibits payment card networks from assessing penalties against small businesses or financial intermediaries for violating the provisions of the law. Any clauses or portions of contracts that would assess penalties against small businesses or financial intermediaries are automatically void. The term "small business" has the same meaning as defined in the state's economic development law. The law takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CONSUMER PROTECTION (2026-01-07)Alert me
Quick answers about S 6125
- What is the current status of S 6125?
- As of May 6, 2026, S 6125 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 CONSUMER PROTECTION".
- Did S 6125 pass?
- Not yet. S 6125 has been introduced and has not passed either house.
- Who wrote S 6125, and where is it now?
- S 6125 was authored by Sen. Gustavo Rivera. Its committee of record is Assembly Consumer Affairs & Protection. It is filed under GBS, alongside 10 other New York GBS bills this session.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CONSUMER PROTECTION |
| Mar. 05, 2025 | REFERRED TO CONSUMER PROTECTION |
Latest bill textIntroduced version, March 5, 2025 · 356 words
STATE OF NEW YORK ________________________________________________________________________ 6125 2025-2026 Regular Sessions IN SENATE March 5, 2025 ___________ Introduced by Sen. RIVERA -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to prohibiting payment card networks from assessing penalties against small busi- nesses or financial intermediaries who fail to comply with the credit card surcharge notice requirement The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 511 of the general business law is amended by 2 adding a new subdivision 11 to read as follows: 3 11. "Payment card network" means an entity that directly, or through 4 licensed members, processors, or agents, provides the proprietary 5 services, infrastructure, and software that route information and data 6 to conduct debit card or credit card transaction authorization, clear- 7 ance, and settlement, and that a person uses in order to accept as a 8 form of payment a brand of debit card, credit card or other device that 9 may be used to carry out debit or credit transactions. 10 § 2. Section 518 of the general business law is amended by adding a 11 new subdivision 3 to read as follows: 12 3. No payment card network or any subdivision thereof doing business 13 in the state of New York shall assess penalties against any small busi- 14 ness or any financial intermediary for violating the provisions of this 15 section. Any clause or portion of a contract, agreement, or arrangement 16 that would assess penalties against a small business or financial inter- 17 mediary in violation of this subdivision shall be automatically void. 18 For the purposes of this subdivision, "small business" shall have the 19 same meaning as defined in section one hundred thirty-one of the econom- 20 ic development law. 21 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04388-01-5
Text of S 6125 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions