New York 2025 Session Status: Introduced

A8662 — Relates to the scope of certain provisions relating to beneficial owners of limited liability companies

Last action — Assembly Floor Calendar

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Assembly. Introduced May 23, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill updates definitions related to beneficial owners of limited liability companies.

This bill amends key definitions for beneficial owners, reporting companies, and exempt companies. It also allows the Department of State to provide further clarifications on these definitions.

Summary

Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.

Bill Text

Action History

  1. SUBSTITUTED BY S8432

  2. ORDERED TO THIRD READING RULES CAL.686

  3. RULES REPORT CAL.686

  4. REPORTED

  5. REPORTED REFERRED TO RULES

  6. PRINT NUMBER 8662A

  7. AMEND AND RECOMMIT TO WAYS AND MEANS

  8. REPORTED REFERRED TO WAYS AND MEANS

  9. REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does A8662 do?
Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.
Who sponsors A8662?
A8662 is sponsored by Emily Gallagher.
What is the current status of A8662?
This bill has been introduced in the Assembly. Introduced May 23, 2025. It must pass committee before a floor vote.
Where can I track A8662?
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Last checked for changes 4 months ago · updated continuously

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