2025-2026 Regular Session • New York Legislature
S04570
Legislative Summary
Enacts the New York state money transmission disclosure act; requires each licensee providing a transmission transaction which involves currency of one country into the currency of another country to provide the customer with a written disclosure; authorizes the superintendent of financial services to implement any necessary rules and regulations.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
2/7/2025
REFERRED TO BANKS
Senate
Status Information
Current Status
Introduced(2/7/2025)
Chamber
Senate
Committee
Banks(Senate)
Sponsors
Democrat: 1
Primary Sponsor
James Sanders
Democrat