Senate bill · S3698 (2025-26)

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports

New York State Senate

Same as A1515, the matching bill in the Assembly.

Latest action Jun 5, 2026

Sponsor: James Sanders Jr. (State Senator, District 10, Democratic)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 18, 2026. About our data

Summary

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Summary from NY Open Legislation. How we handle summaries

Amends the Banking Law.

Purpose, from the sponsor's memo

This bill would require licensed check cashers to file suspicious activ- ity reports or SARs.

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

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.

Your position on this bill

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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

Democratic8
Republican1

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

The sponsor's argument

Why James Sanders Jr. says this is needed

By requiring check cashers to report suspicious activity by filing SARs, it would help examiners weed out fraud, and disincentives people using check cashing establishments to avoid paying, taxes. Other financial institutions such as banks, credit unions, savings banks, and savings and loans are required to report suspicious activity; this would require check casher to do the same.

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.

Recorded votes

Vote: Committee vote · Banks
Senate BanksMay 12, 2026Result: passed
(7) (0) (0) (0)
Vote: Committee vote · Banks
Senate BanksFeb 25, 2025Result: passed
(7) (0) (0) (0)

Full history

Jun 5, 2026
In committee
COMMITTED TO RULES
NY Senate
May 14, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
May 13, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate
May 12, 2026
1ST Report CAL.1026
1ST REPORT CAL.1026
NY Senate
Jan 21, 2026
Sent to the executive
DELIVERED TO SENATE
NY Assembly

Show full history (20 earlier events)

Jan 21, 2026
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jan 21, 2026
Referred to committee
REFERRED TO BANKS
NY Senate
Jan 7, 2026
Died in Senate
DIED IN SENATE
NY Senate
Jan 7, 2026
Ordered to Third Reading CAL.58
ORDERED TO THIRD READING CAL.58
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO BANKS
NY Senate
Jun 13, 2025
In committee
RECOMMITTED TO RULES
NY Senate
Jun 13, 2025
Substitution Reconsidered
SUBSTITUTION RECONSIDERED
NY Senate
Jun 11, 2025
3RD Reading CAL.389
3RD READING CAL.389
NY Senate
Jun 11, 2025
Substituted
SUBSTITUTED FOR S3698
NY Senate
Jun 6, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
Jun 6, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 6, 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.416
RULES REPORT CAL.416
NY Assembly
Jun 4, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
Mar 3, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Feb 26, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Feb 25, 2025
1ST Report CAL.389
1ST REPORT CAL.389
NY Senate
Jan 29, 2025
Referred to committee
REFERRED TO BANKS
NY Senate
Jan 10, 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.