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Andrew Gounardes

Sponsor · State Senator, District 26 · Democratic

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Senate bill · S1673 (2025-26)

Relates to requiring new employees to be provided certain information relating to student loan repayment information

Latest action Apr 16, 2026

Summary

Directs the development of materials to be provided to new employees relating to student loan repayment information.

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Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Same as A639, the matching bill in the Assembly.

Amends the Labor Law.

Committee

Banks · New York State Assembly

Also referred to Banks · New York State Senate, Labor · New York State Assembly, Labor · New York State Senate.

Purpose, from the sponsor's memo

To require employers to provide newly hired employees with a notice detailing student loan repayment options that may be available to borrowers.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

  • Vote: Floor vote

    NY SenateApr 16, 2026Result: passed

    (41) (12) (0) (10)

  • Vote: Committee vote · Labor

    Senate LaborMar 25, 2026Result: passed

    (11) (2) (0) (0)

  • Vote: Committee vote · Labor

    Senate LaborJan 28, 2026Result: passed

    (11) (2) (0) (0)

  • Vote: Floor vote

    NY SenateMar 20, 2025Result: passed

    (41) (18) (0) (4)

  • Vote: Committee vote · Labor

    Senate LaborFeb 4, 2025Result: passed

    (11) (2) (0) (0)

Cosponsors

Al Taylor, Alicia Hyndman and 13 more on Agora

  • Democratic15
Show all 15 on Agora
See the full list on nysenate.gov (opens in a new tab)

The sponsor's argument

Why Andrew Gounardes says this is needed

The American student loan crisis is one of epic proportions. According to a 2019 NYC Department of Consumer Affairs' report "Student Loan Debt Distress Across NYC Neighborhoods," total student loan debt in the US has reached a staggering $1.5 trillion. The debt load for 2016 college graduates nationally averaged more than $30,000, and in New York, the problem is even worse: the State Comptroller estimates that between 2006 and 2015, the delinquency rate among New York borrowers rose more than a third, with debt averaging more than $32,0000 per borrower. The inabili- ty to repay student loans and build future assets carries many conse- quences, forcing the borrower to forego other purchases such as a car or a home, or interfering with the decision to get married and start a family. Additionally, defaulting on a loan can cause an enormous amount of stress, anxiety, and depression for a borrower that sees no way out of the financial hole they're in. It is past time the state devised creative and effective solutions to help residents dig themselves out of that hole. This bill serves that purpose by requiring all employers to provide certain new employees with a brief summary of the various student loan repayment options available to them, including consolidation of federal loans and income-driven plans. Providing this information at the onset of employment, when employees are already opting into a number of other programs such as health insurance, health savings accounts, transit benefits, and retire- ment plans, is an opportune way to ensure that student loan repayment plans are seriously examined by a potential borrower and naturally fold- ed into their financial planning. This bill represents a thoughtful and feasible approach to addressing the student loan debt crisis.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

  1. Apr 16, 2026

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  2. Apr 16, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  3. Apr 16, 2026

    Referred to committee

    REFERRED TO BANKS

    NY Assembly

  4. Mar 30, 2026

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  5. Mar 26, 2026

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

Show full history (13 earlier events)
  1. Mar 25, 2026

    1ST Report CAL.653

    1ST REPORT CAL.653

    NY Senate

  2. Jan 7, 2026

    Died in Assembly

    DIED IN ASSEMBLY

    NY Assembly

  3. Jan 7, 2026

    Referred to committee

    REFERRED TO BANKS

    NY Assembly

  4. Jan 7, 2026

    Referred to committee

    REFERRED TO LABOR

    NY Senate

  5. Mar 20, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  6. Mar 20, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  7. Mar 20, 2025

    Referred to committee

    REFERRED TO BANKS

    NY Assembly

  8. Feb 26, 2025

    Amend (t) and Recommit to Banks

    AMEND (T) AND RECOMMIT TO BANKS

    NY Assembly

  9. Feb 10, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  10. Feb 5, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  11. Feb 4, 2025

    1ST Report CAL.253

    1ST REPORT CAL.253

    NY Senate

  12. Jan 13, 2025

    Referred to committee

    REFERRED TO LABOR

    NY Senate

  13. Jan 8, 2025

    Referred to committee

    REFERRED TO BANKS

    NY Assembly

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Cosponsors

The list shows the cosponsors who are on Agora, A to Z. The official record may list more.

Party colors

Parties are shown in the same neutral colors.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 31, 2026. About our data

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