Local law · Int 0066-2024
The reporting on non-depository city financial services
Official titleShow
A Local Law to amend the administrative code of the city of New York, in relation to the reporting on non-depository city financial services
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
New York City Council
Sponsor
Keith Powers
Summary
This bill would require the Director of Management and Budget to issue to the Speaker of the Council, and to post on the Office of Management and Budget’s (OMB) website, quarterly reports on the City’s use of non-depository financial institutions for the immediately-preceding quarter, starting no later than January 31, 2025. Such reports would detail the fees and returns for a wide variety of financial services, including money market accounts and bond issues, but excluding pension investments.
Summary from NYC Council (Legistar). How we handle summaries
Introduced in conjunction with the Brooklyn Borough President.
Introduced in conjunction with the Bronx Borough President.
Introduced at the request of the Manhattan Borough President.
From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 7, 2026. About our data
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Where it stands
The session ended before it was voted on. It was not defeated; it simply ran out of time, which is what happens to most legislation. It would have to be reintroduced.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Committee on Finance
Cosponsors
Lincoln Restler, Althea V. Stevens and 14 others
Cosponsors in the order the New York City Council lists them.
- Democratic14
Party is shown for the 14 cosponsors who are on Agora.
Shown in neutral colors by design; Agora is non-partisan.
- Lincoln Restler
- Althea V. Stevens
- Erik D. Bottcher
- Julie Won
- Christopher Marte
- Shahana K. Hanif
- Pierina Ana Sanchez
- Shekar Krishnan
- Nantasha M. Williams
- Sandy Nurse
- Crystal Hudson
- Gale A. Brewer
Show the full list (16 names)Show fewer cosponsors
- Carmen N. De La Rosa
- Justin L. Brannan
- Alexa Avilés
- Selvena N. Brooks-Powers
Names without a link are in the official record but not on Agora.
Full history
- Dec 31, 2025
Filed
This Introduction was Filed (End of Session)
NYC Council
- Feb 8, 2024
Introduced
This Introduction was Introduced by Council
NYC Council
- Feb 8, 2024
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Finance
NYC Council