New York 2025 Session Status: Introduced

S1290 — Allows the department of financial services to impose penalties on unlawfully unlicensed entities

Last action — In Senate 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 January 09, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.

Bill Text

Action History

  1. REFERRED TO BANKS

  2. RETURNED TO SENATE

  3. DIED IN ASSEMBLY

  4. REFERRED TO BANKS

  5. DELIVERED TO ASSEMBLY

  6. PASSED SENATE

  7. ADVANCED TO THIRD READING

  8. 2ND REPORT CAL.

  9. 1ST REPORT CAL.388

  10. REFERRED TO BANKS

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on · 13 voted No

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

Votes

Floor vote

Passed 44 Yea · 13 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 441305
Total 441305
% of votes cast 71%21%0%8%
How each member voted (62)
Member Party Vote
Alexis Weik — Nay
Andrea Stewart-Cousins — Yea
Andrew Gounardes — Not Voting
Andrew J. Lanza — Yea
Anthony H. Palumbo — Nay
April Baskin — Yea
Brad Hoylman-Sigal — Yea
Brian Kavanagh — Yea
Christopher Ryan — Yea
Cordell Cleare — Yea
Dan Stec — Nay
Dean Murray — Yea
George Borrello — Nay
Gustavo Rivera — Yea
Jabari Brisport — Yea
Jack M. Martins — Not Voting
Jake Ashby — Nay
Jamaal Bailey — Yea
James Sanders Jr. — Yea
James Skoufis — Yea
James Tedisco — Nay
Jeremy Cooney — Not Voting
Jessica Ramos — Yea
Jessica Scarcella-Spanton — Yea
John Liu — Yea
Joseph A. Griffo — Yea
Joseph P. Addabbo Jr. — Yea
José M. Serrano — Yea
Julia Salazar — Yea
Kevin S. Parker — Yea
Kristen Gonzalez — Yea
Lea Webb — Yea
Leroy Comrie — Yea
Liz Krueger — Yea
Luis R. Sepúlveda — Yea
Mario Mattera — Nay
Mark Walczyk — Nay
Michael Gianaris — Yea
Michelle Hinchey — Yea
Monica Martinez — Yea
Nathalia Fernandez — Yea
Pamela Helming — Yea
Patricia Canzoneri-Fitzpatrick — Yea
Patricia Fahy — Yea
Patrick M. Gallivan — Not Voting
Pete Harckham — Yea
Peter Oberacker — Nay
Rachel May — Yea
Robert Jackson — Yea
Robert Ortt — Nay
Robert Rolison — Yea
Roxanne J. Persaud — Yea
Samra Brouk — Yea
Sean Ryan — Yea
Shelley Mayer — Yea
Siela Bynoe — Yea
Stephen T. Chan — Nay
Steve Rhoads — Nay
Thomas F. O'Mara — Nay
Toby Ann Stavisky — Yea
William Weber — Yea
Zellnor Myrie — Not Voting

Official roll call →

Subjects

finance health-insurance
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 S1290 do?
Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.
Who sponsors S1290?
S1290 is sponsored by Liz Krueger.
What is the current status of S1290?
This bill has been introduced in the Senate. Introduced January 09, 2025. It must pass committee before a floor vote.
Where can I track S1290?
Track S1290 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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