NY A08783

Bill

Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.

Introduced
11/27/2017

In Committee
06/11/2018

Crossed Over
06/11/2018

Passed
12/11/2018

Dead

Signed/Enacted/Adopted
12/21/2018

Introduced Session

2017-2018 General Assembly

Bill Summary

AN ACT to establish the digital currency task force; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill establishes the New York State Digital Currency Task Force, which is tasked with providing the governor and legislature with information on the potential effects of the widespread implementation of cryptocurrencies and other digital currencies in the state. The task force will consist of nine members appointed by the governor, legislative leaders, and minority leaders. The task force is required to submit a report by December 15, 2020 that includes a review of the digital currency industry in New York, the number and market share of digital currencies, the impact on tax receipts, investment entities in digital currency, energy consumption for mining, the transparency of the marketplace, and recommendations for legislative and regulatory changes. The bill will take effect immediately and expire on December 15, 2020.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (26)

Thomas Abinanti (D)*, Carmen De La Rosa (D)*, Michael DenDekker (D)*, Joe Giglio (R)*, Clyde Vanel (D)*, Jeffrion Aubry (D), Charles Barron (D), Michael Blake (D), Sandy Galef (D), Ron Kim (D), Joseph Lentol (D), Donna Lupardo (D), Michael Montesano (R), Walter Mosley (D), Yuh-Line Niou (D), Steve Otis (D), Victor Pichardo (D), Ed Ra (R), Andrew Raia (R), José Rivera (D), Jo Anne Simon (D), James Skoufis (D), Matthew Titone (D), David Weprin (D), Carrie Woerner (D), Tremaine Wright (D),

Last Action

approval memo.14 (on 12/21/2018)

Official Document

https://assembly.state.ny.us/leg/?default_fld=&bn=A08783&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://assembly.state.ny.us/leg/?default_fld=&bn=A08783&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A08783&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08783B
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A08783&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08783A
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A08783&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08783

Bill	Bill Name	Last Action	Type
S07724	Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.	REFERRED TO BANKS	Same As
S09013	Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state.	SUBSTITUTED BY A8783B	Same As

Bill > A08783

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (26)

Last Action

Official Document

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