New York legislation · 2025-2026 General Assembly
New York A4144: Prohibits state chartered banking institutions from investing in and providing financing for private prisons
Status: In committee, May 28, 2026
Prohibits state chartered banking institutions from investing in and providing financing for private prisons.
What the bill says
An act to amend the banking law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons.
From the introduced text, January 31, 2025:
AN ACT to amend the banking law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The banking law is amended by adding a new section 12 to read as follows: § 12. INVESTMENTS IN PRIVATE PRISONS BY STATE CHARTERED BANKING INSTITUTIONS. 1. NO STATE CHARTERED BANKING INSTITUTION SHALL PROVIDE FINANCING FOR OR INVEST IN THE STOCKS, SECURITIES, OR OTHER OBLIGATIONS OF ANY ENTITY THAT OWNS OR OPERATES A PRIVATE CORRECTIONAL FACILITY FOR HOUSING INCARCERATED INDIVIDUALS THAT WOULD BE PROHIBITED UNDER SECTION ONE HUNDRED TWENTY-ONE OF THE CORRECTION LAW IF SUCH FACILITY WERE LOCATED IN THIS STATE. 2. FOR PURPOSES OF THIS SECTION "BANKING INSTITUTION" SHALL HAVE THE SAME MEANING AS DEFINED IN PARAGRAPH (B) OF SUBDIVISION THREE OF SECTION NINE-F OF THIS CHAPTER. § 2. This act shall take effect immediately and shall apply to all contracts entered into, renewed, modified or amended on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00211-01-5
Sponsors
- Karines Reyes (D, 87) · primary sponsor
- Khaleel Anderson (D, 31)
- Jonathan Rivera (D, 149)
- Jeffrey Dinowitz (D, 81)
- Emily Gallagher (D, 50)
- Catalina Cruz (D, 39)
- Rebecca Seawright (D, 76)
- Stefani Zinerman (D, 56)
- Forrest, Phara Souffrant (I, 57)
- Jo Simon (D, 52)
- Linda Rosenthal (D, 67)
- Marcela Mitaynes (D, 51)
Latest actions
- : REPORTED REFERRED TO RULES
- : REFERRED TO CODES
- : REPORTED REFERRED TO RULES
- : REPORTED REFERRED TO CODES
- : REFERRED TO BANKS
Votes
- Assembly Codes Committee: Favorable refer to committee Rules (May 28, 2026): 13 yea, 5 nay, passed
Subjects: Banking Law
Common questions
- What is A4144?
- A4144 is a bill in the New York Legislature (2025-2026 General Assembly): Prohibits state chartered banking institutions from investing in and providing financing for private prisons.
- What does A4144 do?
- In its own words: An act to amend the banking law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons.
- What is the status of A4144?
- In committee as of May 28, 2026. Latest action: REPORTED REFERRED TO RULES (May 28, 2026).
- Who sponsored A4144?
- Karines Reyes (D, 87), with 11 co-sponsors.
- Where is the official record for A4144?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A4144
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.