New York 2025 Session Status: Introduced

S8279 — Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry

Last action — In Assembly Committee

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

This bill has been introduced in the Senate. Introduced May 29, 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 requires an analysis of the financial stability of the check cashing industry.

This bill mandates the superintendent of financial services to analyze the check cashing industry’s financial stability and review its licensing system. Reports will be issued on both topics.

Summary

Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry and issue reports on both topics.

Bill Text

Action History

  1. REFERRED TO WAYS AND MEANS

  2. DELIVERED TO ASSEMBLY

  3. PASSED SENATE

  4. ADVANCED TO THIRD READING

  5. 2ND REPORT CAL.

  6. 1ST REPORT CAL.1031

  7. REFERRED TO BANKS

  8. REFERRED TO BANKS

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 S8279 do?
Directs the superintendent of financial services to conduct an analysis of the financial stability of the check cashing industry and review the current system of licensing for such industry and issue reports on both topics.
Who sponsors S8279?
S8279 is sponsored by Luis R. Sepúlveda.
What is the current status of S8279?
This bill has been introduced in the Senate. Introduced May 29, 2025. It must pass committee before a floor vote.
Where can I track S8279?
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Last checked for changes 3 months ago · updated continuously

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