[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6535384,"mediaKeyId","3407127-89d9e92412f6c06ef891dd1d89a352e9","parentId",3407127,"title","Committee advances bill requiring private nonprofit postsecondary institutions that service loans to file annual reports","audioSeconds",495,"startMs",496000,"endMs",814,"viewUrl","/Search/View?dp=1&key=3407127-89d9e92412f6c06ef891dd1d89a352e9&start=496&end=0","thumbnailUrl","https://assets.pipeline.soar.com/3407127-89d9e92412f6c06ef891dd1d89a352e9/thumbnail_496000.jpg","articleUrl","/articles/6535384/New-York/Committee-advances-bill-requiring-private-nonprofit-postsecondary-institutions-that-service-loans-to-file-annual-reports","mediaUrl","https://secure.pipeline.soar.com/6535384-0e5aba53483f87ce80655b059a5b6810/orig.mp4?Expires=1771149096&Signature=IYochwMqS7zABjCfY7sUd398DX0EKleCcCli8Lxd7hUjhsHMpHwXL6ZD2MEIbycY3WcL6WkVxLZWfz8QU2m1Uvcj7Q8b7EOUW-DYjt8NV2hJy7No4gefnoeldZK-~qRAHLShmg9vo~N3MCkVcX4xb5w2EOKkf3ZoCBCgW5d33Hpyd7U1xd1q0-9f8C0GbrKiJq5XK4kaQcBkLaiH0w7wnsOU0UmwUCIyTkig3zBO~fOn-VxWpqNPNzJHFsNRwkWNQdk50LB1-Z0-BQ7l0IS6aiqOaUPHllaQ6Jc5JcANnqDA0i7j5yfySXzPlyLra23bwHeROsh~-KRuhZSOCvX4lQ__&Key-Pair-Id=KUT5TJCACFTXG","author","New York Legislature","date","2025-05-20T00:00:00Z","article","The Senate Banking Committee reported out S.7752, sponsored by Senator James Sanders Jr., a proposal to amend the Financial Services Law to require private, not-for-profit postsecondary providers that service student loans to submit an annual report about the loan services they provide.

Committee members asked whether the measure applied to loan servicers such as credit unions or to educational institutions themselves. A committee staff member clarified: \"So it they are ultimately servicing their own, loans to these students.\" Bobby Vardette, Senate Programming Council, explained that some other states maintain private student loan databases and that the information proposed by this bill is not currently collected by the Department of Financial Services (DFS) for its private student loan database; the sponsor's intent is to add this reporting so it can be aggregated.

Members also noted the Assembly sponsor had amended its companion bill, changing the statutory references and language. One senator asked for an update on coordination with the Assembly; the chair said discussions were ongoing and the committee would \"stay firm and reconcile\" the differences. After discussion, the committee voted to report the bill out; the transcript indicates the item \"has been reported out\" and that there was \"1 nay\" recorded in the committee discussion, though no roll-call names were attached to that negative vote in the transcript.

The sponsor and staff said the measure is meant to increase transparency about private institutions that service loans and to help regulators and policymakers better understand private student-lending practices.","mediaType","Video","parentTitle","Senate Standing Committee on Banks - 05/20/2025","oneSentenceSummary","The Senate Banking Committee advanced S.7752, a bill requiring private nonprofit postsecondary institutions that service student loans to file annual reports about the loans they service.","taxTitle","2025 Legislature NY, New York","taxId",77685,"location","New York","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6535389,"Committee advances disclosure bill for virtual tokens amid free‑speech and federal-regulation concerns",352,177000,529000,"/Search/View?dp=1&key=3407127-89d9e92412f6c06ef891dd1d89a352e9&start=177&end=529","https://assets.pipeline.soar.com/3407127-89d9e92412f6c06ef891dd1d89a352e9/thumbnail_177000.jpg","/articles/6535389/New-York/Committee-advances-disclosure-bill-for-virtual-tokens-amid-freespeech-and-federal-regulation-concerns","https://secure.pipeline.soar.com/6535389-2da2e46b91cf1a3862ee598e374155f3/orig.mp4?Expires=1771149096&Signature=oaPhqdCK9QmY23MRGHIoC8pS~Wz6Xj-BOatl9lVc~1kK1JrnPDaPjUrmv6ASh~9epvSE~JkTprnX7iu~~KQWcX-dljZ8fYf7XSjX3eeb6KuWdkGrS9ca8SLpDXBZ3hgD1cYIoUfbJzQlC757gcE~H--tslttvssbzK-WfXtbRGa22dzZrKre-2igiH5yoVt~yMhcKgDIxbPRF3jBDp3VPP-WCX7g324OFTtJFWkm31sDjoEa9jGkCqYx1T3xMZJSJHxnf32WFByykoMEIwbz8FAOYS8DuT3np4jxKP3HU~J0Mx0e-z3d-8ZbSW13v5u-I9tI~ekVCCLqxdkwj4VXXw__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Banking Committee reported out S.5473, sponsored by Senator Comrie, a bill to amend the Financial Services Law to require certain disclosures and to regulate advertising involving virtual tokens and similar products.

The committee's discussion focused on two tensions: how to prevent misleading commercial statements about virtual tokens while protecting open discussion and commentary, and whether state-level rules are premature where federal regulation remains unsettled. A committee member raised First Amendment concerns, saying the bill's language — which would bar statements that are \"false\" in advertising and other communications — could chill open discussion on local media or podcasts. That member said, \"I'm a little more concerned about the open discussion around these. I think I understand the intent of the senator in this. He wants to make sure that there isn't misleading information that's being pushed out and that there's some accountability for people who are advertising for these,\" and added a worry that ordinary commentators could unknowingly make false statements.

Bobby Vardette, Senate Programming Council, described the bill as intended \"to, sort of mirror federal anti touting, laws,\" noting a parallel with regulated communication rules for securitized products and explaining the proposal aims to provide disclosure where virtual tokens resemble regulated securities. Committee members also expressed concerns that the federal government has not yet established comprehensive regulation for crypto, leaving state legislatures to act without clear federal guidance.

One committee member said they would register an AWR on the bill and urged the sponsor to refine the language; the chair encouraged members to take their concerns directly to the sponsor for clarification. The committee then voted to report the bill out of committee; the transcript records the chair's announcement that the bill was \"reported out,\" but no roll-call tally is recorded in the transcript.","S.5473, a Comrie-sponsored bill that would require disclosures and regulate advertisements involving virtual tokens, was reported out of the Senate Banking Committee. Members and staff discussed First Amendment implications, the bill's relationship to federal securities rules, and called for clearer language or study.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6535393,"Senate committee reports out measure creating 'special deposit' protections for accounts",140,73000,213000,"/Search/View?dp=1&key=3407127-89d9e92412f6c06ef891dd1d89a352e9&start=73&end=213","https://assets.pipeline.soar.com/3407127-89d9e92412f6c06ef891dd1d89a352e9/thumbnail_73000.jpg","/articles/6535393/New-York/Senate-committee-reports-out-measure-creating-special-deposit-protections-for-accounts","https://secure.pipeline.soar.com/6535393-ba6527a2e9470d5e630548bb2746748f/orig.mp4?Expires=1771149096&Signature=PMXwgQrvLAcmMHo~C8YR4ruldBeRjjVI6nU~On7Y8vc~i7rQm867Nb6mjc5F3ADIg5vYUy80aDKav2~AQkELM-Y2lyVeYefzBn4-Hk3LMdHMNOZJWiXxavEQZbG6Bbugr9S1Bu6uqk4G1eVrAJEN3sCyGEquV1CAEiCScjL36p-r-oz8mtHyPcA8RFtZTT9ZRDqPZ1S8tkMBZtafKhoqA9Aog3h8PgPFmFh2N~rUl-~pMuhlb3B2QUEFvvKMcDF4cCpGS~4iNK8JRJEHRs52GwQnBGZqgnWuFQf~YBaUoccJf-EjuPrjU3TL-aiXK2pH~jo4UydU3pHYfDaG5hslKw__&Key-Pair-Id=KUT5TJCACFTXG","The New York State Senate Banking Committee on Tuesday reported out S.4323, a bill to amend the banking law to enact the Uniform Special Deposits Act. Senator James Sanders Jr., chair of the committee, called for and took a motion to move the bill forward; the committee voted and the bill was reported out.

The measure seeks to create a statutory category called a \"special deposit\" to protect funds held in an account from actions that could prevent their delivery in a contingency, such as a bankruptcy proceeding. Bobby Vardette, Senate Programming Council, told the committee that the bill \"does not in any way affect the interest that would otherwise be affected or go to a particular place based on where the account is ultimately originated.\" He added, \"a special deposit is not a real like a new sort of account. It goes wherever the account, itself, that interest would go.\"

Supporters characterized the change as a legal-protection clarification rather than a change to how interest is credited. The committee accepted a motion to report the bill; the chair announced the measure \"is passed and it's been reported out.\" The committee did not record a roll-call tally in the transcript.

Senate staff counsel Talia handled the bill call and procedural questions during the item. The bill was introduced on the agenda as sponsored by Senator Krueger.

The action advances S.4323 from committee; further steps would depend on scheduling by the Senate leadership and any reconciliation if companion language appears in the Assembly.","The New York State Senate Banking Committee reported out S.4323, which would add the Uniform Special Deposits Act to the banking law to create legal protections for certain accounts; staff said interest would remain with the originating account and the change is intended to protect deposit distribution in legal proceedings.","actionData","errors"]

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Committee advances bill requiring private nonprofit postsecondary institutions that service loans to file annual reports

Committee advances disclosure bill for virtual tokens amid free‑speech and federal-regulation concerns

Senate committee reports out measure creating 'special deposit' protections for accounts