New York Assembly Bill A6737 Introduced to Study the Feasibility of a NY State-owned Bank

New York Assembly Bill A6737 Introduced to Study the Feasibility of a NY State-owned Bank • March 28, 2011

Sponsor: Assemblyman Galef

BILL NUMBER: A6737

TITLE OF BILL: An act to establish a commission to study the feasibility of establishing a bank owned by the state of New York or by a public authority constituted by the state of New York; and providing for the repeal of such provisions upon expiration thereof

PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to establish a commission to study the feasibility of establishing a bank owned by the state of New York and report thereon within 2 years.

SUMMARY OF SPECIFIC PROVISIONS: Section 1. Creates the New York State Commission on Establishing a Bank Owned by New York State, known as the Commission. This study will analyze the feasibility of establishing, a bank owned by the State of New York or by a public authority constituted by the State of New York.

Bill Summary: A6737 Summary