Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities

Latest action Jul 29, 2025

Extends the effectiveness of provisions relating to limiting the check cashing exemption for national banks and other regulated entities to August 1, 2027.

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Where it stands

Signed into law.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A6870, the matching bill in the Assembly.

Passed as A6870, the matching Assembly bill.

Committee

Banks · New York State Assembly

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

Purpose, from the sponsor's memo

This bill will extend the sunset provisions on Chapter 591 of 2001.

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

Recorded votes

Vote: Floor vote
NY SenateJun 10, 2025Result: passedSenate vote on A6870, the matching Assembly bill.
(58) (0) (0) (5)
Vote: Committee vote · Rules
Senate RulesJun 4, 2025Result: passed
(20) (0) (0) (1)

Cosponsors

Andrew Hevesi and Leroy Comrie

Democratic2

See the full list on nysenate.gov

The sponsor's argument

Why James Sanders Jr. says this is needed

This bill seeks to provide greater certainty, stability and predictabil- ity in the industry by extending the sunset date on the provisions of Chapter 591 of the Laws of 2001. The law, which is currently scheduled to expire on August 1, 2025, provides that any separate check cashing facilities established by banking institutions shall be subject to the existing distance standard which applies to the licensing of check cash- er operations. This prevents check cashing entities from being located too close to each other.

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

Jul 29, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Assembly
Jul 29, 2025
Signed
SIGNED CHAP.192
NY Assembly
Jun 10, 2025
3RD Reading CAL.1591
3RD READING CAL.1591
NY Senate
Jun 10, 2025
Passed a chamber
PASSED SENATE
NY Senate
Jun 10, 2025
Substituted
SUBSTITUTED FOR S8299
NY Senate

Show full history (10 earlier events)

Jun 9, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
Jun 9, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
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.448
RULES REPORT CAL.448
NY Assembly
Jun 4, 2025
In committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
NY Senate
Jun 4, 2025
Ordered to Third Reading CAL.1591
ORDERED TO THIRD READING CAL.1591
NY Senate
Jun 4, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
May 30, 2025
Referred to committee
REFERRED TO BANKS
NY Senate
Mar 14, 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 22, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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