New York 2025 Session Status: Passed Senate

S8357 — Relates to a deposit placement program for the Banking Development District Program

Last action — Passed Assembly

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

This bill has passed the Senate. Introduced June 04, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Assembly.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Passed Senate

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

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

Allows banks to redeposit funds through a deposit placement program.

This bill enables banks to work with the comptroller and the commissioner of taxation and finance to facilitate the redeposit of funds via a deposit placement program. It gives banks the option to manage these moneys more efficiently.

Summary

Allows a bank, in the discretion of the comptroller and the commissioner of taxation and finance, to arrange for the redeposit of moneys, in whole or in part, through a deposit placement program.

Bill Text

Action History

  1. RETURNED TO SENATE

  2. PASSED ASSEMBLY

  3. ORDERED TO THIRD READING RULES CAL.354

  4. SUBSTITUTED FOR A9574

  5. REFERRED TO BANKS

  6. DELIVERED TO ASSEMBLY

  7. PASSED SENATE

  8. ADVANCED TO THIRD READING

  9. 2ND REPORT CAL.

  10. 1ST REPORT CAL.470

  11. REFERRED TO FINANCE

  12. RETURNED TO SENATE

  13. DIED IN ASSEMBLY

  14. REFERRED TO BANKS

  15. DELIVERED TO ASSEMBLY

  16. PASSED SENATE

  17. ORDERED TO THIRD READING CAL.1666

  18. REFERRED TO RULES

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

taxation 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 S8357 do?
Allows a bank, in the discretion of the comptroller and the commissioner of taxation and finance, to arrange for the redeposit of moneys, in whole or in part, through a deposit placement program.
Who sponsors S8357?
S8357 is sponsored by James Sanders Jr..
What is the current status of S8357?
This bill has passed the Senate. Introduced June 04, 2025. It now moves to the second chamber.
Where can I track S8357?
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Last checked for changes 4 months ago · updated continuously

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