New York 2025 Session Status: Enacted

S8408 — Relates to prohibited unlicensed activities

Last action — Signed by Governor

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

This bill has been enacted into law. Introduced June 09, 2025. Enacted.

Signed by Governor Kathy Hochul (Democratic) on December 05, 2025.

Prognosis

Advancing 50% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    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.

Summary

Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty.

Bill Text

Action History

  1. SIGNED CHAP.610

  2. DELIVERED TO GOVERNOR

  3. RETURNED TO SENATE

  4. PASSED ASSEMBLY

  5. ORDERED TO THIRD READING RULES CAL.696

  6. SUBSTITUTED FOR A8804

  7. REFERRED TO WAYS AND MEANS

  8. DELIVERED TO ASSEMBLY

  9. PASSED SENATE

  10. ORDERED TO THIRD READING CAL.1945

  11. 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

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 S8408 do?
Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty.
Who sponsors S8408?
S8408 is sponsored by Liz Krueger.
What is the current status of S8408?
This bill has been enacted into law. Introduced June 09, 2025. Enacted.
Where can I track S8408?
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Last checked for changes 3 months ago · updated continuously

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