Assembly bill · A5031 (2025-26)
Establishes standards for the closure of banking accounts in the state of New York
New York State Assembly
Sponsor: Jonathan Jacobson (Assembly Member, District 104, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
Summary
Establishes standards for the closure of bank accounts in the state of New York to include providing notice of closure and the return of funds to account owners.
Summary from NY Open Legislation. How we handle summaries
Amends the Banking Law.
Where it stands
Passed one of the two chambers; it still needs the other.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Banks · New York State Assembly
Also referred to Banks · New York State Senate, Rules · New York State Assembly, Rules · New York State Senate.
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Cosponsors
Showing the cosponsors who are on Agora, A to Z. The official record may list more.
Read on NY Senate (opens in a new tab)- Democratic13
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- Al Taylor
- Alicia Hyndman
- Amanda Septimo
- Angelo Santabarbara
- Chris Burdick
- Deborah Glick
- Erik Dilan
- Karines Reyes
- Maritza Davila
- Nader Sayegh
- Nikki Lucas
- Phil Steck
Show the full list (13 names)Show fewer cosponsors
Full history
- Mar 12, 2026
Amended
AMENDED ON THIRD READING 5031B
NY Assembly
- Jan 7, 2026
Died in Senate
DIED IN SENATE
NY Senate
- Jan 7, 2026
Ordered to Third Reading CAL.134
ORDERED TO THIRD READING CAL.134
NY Assembly
- Jun 9, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
- Jun 9, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Show full history (6 earlier events)Show less history
- Jun 9, 2025
Referred to committee
REFERRED TO RULES
NY Senate
- Jun 6, 2025
Reported out of committee
REPORTED
NY Assembly
- Jun 6, 2025
Rules Report CAL.434
RULES REPORT CAL.434
NY Assembly
- May 19, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
- May 14, 2025
Amend and Recommit to Banks
AMEND AND RECOMMIT TO BANKS
NY Assembly
- Feb 11, 2025
Referred to committee
REFERRED TO BANKS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.