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Senate bill · S704 (2025-26)

Enacts the New York gift certificate scam prevention act

New York State Senate

Same as A7916, the matching bill in the Assembly.

Latest action Jun 3, 2026

Sponsor: Liz Krueger (State Senator, District 28, Democratic/Working Families)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 29, 2026. About our data

Summary

Enacts the "New York gift certificate scam prevention act" to require certain sale, security and record-keeping requirements for gift certificates by sellers of gift certificates.

Summary from NY Open Legislation. How we handle summaries

Amends the General Business Law.

Purpose, from the sponsor's memo

To increase consumer protection from fraud and scams by increasing the safety of open loop and closed loop gift certificates sold in New York

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.

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

Committee

Consumer Affairs and Protection · New York State Assembly

Also referred to Consumer Protection · New York State Senate.

Your position on this bill

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The sponsor's argument

Why Liz Krueger says this is needed

Card draining is a scheme in which thieves remove gift cards from stores capture their numeric codes or swap them out for counterfeit cards, and place the products back on display. When an unsuspecting customer loads money onto a tampered or counterfeit card, criminals access it online and steal the balance. This results in a worthless card being purchased by consumers, and if the consumer tries to reload the card the scammers can take that money as well. This fraudulent scheme has cost more than $250 million annually. The gift card scam prevention act requires retailers to be trained in how to check if a gift card has been tampered with and requires that the manufacturers of gift cards make their packaging safer for consumers and more difficult to be used in these scams. The bill also increases reporting and recording requirements on third party gift certificate sellers. These sellers will need to keep a more accurate and traceable record of gift card sales so that scammers can be traced by law enforcement.

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: Floor vote

    NY SenateJun 3, 2026Result: passed

    (60) (1) (0) (2)

  • Vote: Committee vote · Rules

    Senate RulesMay 28, 2026Result: passed

    (21) (0) (0) (0)

  • Vote: Floor vote

    NY SenateJun 11, 2025Result: passed

    (58) (1) (0) (4)

  • Vote: Committee vote · Consumer Protection

    Senate Consumer ProtectionMay 28, 2025Result: passed

    (7) (0) (0) (0)

Full history

  1. Jun 3, 2026

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  2. Jun 3, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  3. Jun 3, 2026

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  4. May 28, 2026

    In committee

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

    NY Senate

  5. May 28, 2026

    Ordered to Third Reading CAL.1338

    ORDERED TO THIRD READING CAL.1338

    NY Senate

Show full history (13 earlier events)
  1. Jan 7, 2026

    Died in Assembly

    DIED IN ASSEMBLY

    NY Assembly

  2. Jan 7, 2026

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  3. Jan 7, 2026

    Referred to committee

    REFERRED TO CONSUMER PROTECTION

    NY Senate

  4. Jun 11, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  5. Jun 11, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  6. Jun 11, 2025

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  7. Jun 9, 2025

    Amend and Recommit to Consumer Affairs and Protection

    AMEND AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  8. Jun 5, 2025

    Amended

    AMENDED ON THIRD READING 704A

    NY Senate

  9. Jun 4, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  10. May 29, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  11. May 28, 2025

    1ST Report CAL.1407

    1ST REPORT CAL.1407

    NY Senate

  12. Apr 11, 2025

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  13. Jan 8, 2025

    Referred to committee

    REFERRED TO CONSUMER PROTECTION

    NY Senate

Read the record