New York legislation · 2025-2026 General Assembly
New York S4228: Relates to prohibiting financial institutions from charging a fee for periodic paper statements
Status: In committee, June 5, 2026
Prohibits certain financial institutions from charging a fee for periodic paper statements when such statements are required for an application for public assistance.
What the bill says
An act to amend the banking law, in relation to prohibiting certain financial institutions from charging a fee for periodic paper statements.
From the introduced text, February 3, 2025:
AN ACT to amend the banking law, in relation to prohibiting certain financial institutions from charging a fee for periodic paper statements 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 9-aa to read as follows: § 9-AA. FEES FOR PERIODIC PAPER STATEMENTS PROHIBITED. 1. NOTWITHSTANDING ANY OTHER PROVISION OF LAW OR RULE OR REGULATION TO THE CONTRARY, NO FINANCIAL INSTITUTION SUBJECT TO THE PROVISIONS OF THIS CHAPTER, INCLUDING ANY BANKING ORGANIZATION, MORTGAGE BROKER OR MORTGAGE BANKER, INTERSTATE BRANCH ESTABLISHED PURSUANT TO ARTICLE FIVE-C OF THIS CHAPTER, OR OTHER INVESTMENT ENTITY SUBJECT TO REGULATION BY THE DEPARTMENT, WHICH PROVIDES AN ACCOUNT TO A CUSTOMER SHALL CHARGE A FEE FOR PERIODIC PAPER STATEMENTS WHEN SUCH STATEMENTS ARE REQUIRED FOR AN APPLICATION FOR PUBLIC ASSISTANCE AS DEFINED IN SUBDIVISION NINETEEN OF SECTION TWO OF THE SOCIAL SERVICES LAW. 2. IF ANY PROVISION OF THIS SECTION OR ITS APPLICATION TO ANY PERSON OR CIRCUMSTANCE IS HELD INVALID, THE INVALIDITY DOES NOT AFFECT OTHER PROVISIONS OR APPLICATION OF THIS SECTION WHICH CAN BE GIVEN EFFECT WITHOUT THE INVALID PROVISION OR APPLICATION, AND TO THIS END THE PROVISIONS OF THIS SECTION ARE SEVERABLE. § 2. This act shall take effect on the one hundred eightieth …
Sponsors
- Leroy Comrie (D, 14) · primary sponsor
- Zellnor Myrie (D, 20)
Latest actions
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.1028
- : REFERRED TO BANKS
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.933
- : REFERRED TO BANKS
Votes
- Senate Banks Committee: COMMITTEE Vote (May 12, 2026): 6 yea, 1 nay, passed
- Banks Committee Vote (May 12, 2026): 6 yea, 1 nay, passed
- Senate Banks Committee: COMMITTEE Vote (May 5, 2025): 7 yea, 0 nay, passed
- Banks Committee Vote (May 5, 2025): 7 yea, 0 nay, passed
Subjects: Banking Law
Common questions
- What is S4228?
- S4228 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to prohibiting financial institutions from charging a fee for periodic paper statements.
- What does S4228 do?
- In its own words: An act to amend the banking law, in relation to prohibiting certain financial institutions from charging a fee for periodic paper statements.
- What is the status of S4228?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S4228?
- Leroy Comrie (D, 14), with 1 co-sponsor.
- Where is the official record for S4228?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S4228
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.