New York legislation · 2025-2026 General Assembly
New York S3698: Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports
Status: In committee, June 5, 2026
Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.
What the bill says
An act to amend the banking law, in relation to requiring licensed cashers of checks to file suspicious activity reports.
From the introduced text, January 29, 2025:
AN ACT to amend the banking law, in relation to requiring licensed cashers of checks to file suspicious activity reports THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Section 371 of the banking law, as added by chapter 151 of the laws of 1945, is amended to read as follows: § 371. Regulations. The superintendent is hereby authorized and empowered to make such rules and regulations, and such specific rulings, demands, and findings as [he] SUCH SUPERINTENDENT may deem necessary for the proper conduct of the business authorized and licensed under and for the enforcement of this article, in addition hereto and not inconsistent herewith. SUCH RULES, REGULATIONS, RULINGS, DEMANDS AND FINDINGS SHALL INCLUDE, BUT NOT BE LIMITED TO, REQUIRING LICENSED CASHERS OF CHECKS TO FILE SUSPICIOUS ACTIVITY REPORTS. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03571-01-5
Sponsors
- James Sanders (D, 10) · primary sponsor
Latest actions
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.1026
- : REFERRED TO BANKS
- : RECOMMITTED TO RULES
- : SUBSTITUTION RECONSIDERED
- : SUBSTITUTED BY A1515
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
Votes
- Senate Banks Committee: COMMITTEE Vote (May 12, 2026): 7 yea, 0 nay, passed
- Banks Committee Vote (May 12, 2026): 7 yea, 0 nay, passed
- Senate Banks Committee: COMMITTEE Vote (February 25, 2025): 7 yea, 0 nay, passed
- Banks Committee Vote (February 25, 2025): 7 yea, 0 nay, passed
Subjects: Banking Law
Common questions
- What is S3698?
- S3698 is a bill in the New York Legislature (2025-2026 General Assembly): Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.
- What does S3698 do?
- In its own words: An act to amend the banking law, in relation to requiring licensed cashers of checks to file suspicious activity reports.
- What is the status of S3698?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S3698?
- James Sanders (D, 10).
- Where is the official record for S3698?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S3698
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.