S 7473: Exempts amounts received from any financial settlement for childhood sexual abuse for determining eligibility for or amount of benefits under any program provided under the social security law.

  
  STATE OF NEW YORK ________________________________________________________________________ 7473 2025-2026 Regular Sessions  IN SENATE April 17, 2025 ___________ Introduced by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and when printed to be committed to the Committee on Social Services AN ACT to amend the social services law, in relation to exempting amounts received from any financial settlement for childhood sexual abuse for determining eligibility for or amount of benefits The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 131-n of the social services law, as amended by 2 section 16 of part B of chapter 436 of the laws of 1997, is amended by 3 adding a new subdivision 4 to read as follows: 4 4. If and to the extent permitted by federal law and regulations, 5 amounts received from any financial settlement for childhood sexual 6 abuse shall be exempt from consideration as income or resources for the 7 purposes of determining eligibility for and the amount of benefits under 8 any program provided under the authority of this chapter. 9 § 2. Section 131-n of the social services law, as amended by chapter 10 635 of the laws of 1976, is amended by adding a new subdivision 3 to 11 read as follows: 12 3. If and to the extent permitted by federal law and regulations, 13 amounts received from any financial settlement for childhood sexual 14 abuse shall be exempt from consideration as income or resources for the 15 purposes of determining eligibility for and the amount of benefits under 16 any program provided under the authority of this chapter. 17 § 3. This act shall take effect immediately; provided that the amend- 18 ments to section 131-n of the social services law made by section one of 19 this act shall be subject to the expiration and reversion of such subdi- 20 vision pursuant to section 153 of part B of chapter 436 of the laws of 21 1997 as amended, when upon such date the provisions of section two of 22 this act shall take effect. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09314-01-5