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June 5, 2019 — Other State Legislative Action

June 5, 2019 — Other State Legislative Action

Both the Senate and Assembly Banks Committees reported A. 7604, Buttenschon/S.5411. Sanders to extend the banking “wild card” law until September 2024. The legislation goes to the floor of each chamber. The law is due to expire this September. The “wild card” law allows the Department of Financial Services to maintain the viability and competitiveness of the New York State banking charter vis-a-vis the federal banking charter.

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