Municipal Deposit Bill Slated To Be Voted On by Assembly Banks Committee

June 17, 2019 at 8:30 am 1 comment

Greetings with a special shout out to those of you who attended the Association’s Annual Convention at the Sagamore. I know there are more beautiful places in the world to spend a weekend but I have never seen them.

This is shaping up to be an extremely eventful week in New York State credit union land. A couple of hours after our annual meeting ended we received word that the Assembly Banks Committee will be holding a committee meeting during today’s legislative session to act on a bill that would authorize municipalities to deposit funds in credit unions (NY-AB 3262). Because the meeting is being held “off the floor” I can’t give you a precise time for the meeting but Association staff will be on hand and I will be twittering out the results as soon as I get them.

Of course municipal deposits aren’t the only issue with which the legislature is dealing. The legislation under consideration will keep your HR people busy for the next several months. For instance, legislation is under consideration that would ban employers from asking about an employee’s salary history. (A05308B)

In addition, if press reports are correct, three way discussions are underway to legalize the recreational use of marijuana. Finally, there are also proposals to more expansively define sexual harassment under New York State law.

The legislature is scheduled to leave on Wednesday but that’s looking increasingly unlikely. My personal prediction is that the session will end Friday morning at 3:30am.


Entry filed under: General, HR, New York State. Tags: , , .

Previewing What Promises To Be A Wacky Week Municipal Deposit Legislation On the Move

1 Comment Add your own

  • 1. Anonymous  |  June 17, 2019 at 8:47 am

    Good luck at the Capital Henry!


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Authored By:

Henry Meier, Esq., Senior Vice President, General Counsel, New York Credit Union Association.

The views Henry expresses are Henry’s alone and do not necessarily reflect the views of the Association. In addition, although Henry strives to give his readers useful and accurate information on a broad range of subjects, many of which involve legal disputes, his views are not a substitute for legal advise from retained counsel.

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