New York legislation · 2025-2026 General Assembly
New York A8769: Enacts the "New York state credit risk transparency and investor protection act"
Status: In committee, July 15, 2026
Enacts the "New York state credit risk transparency and investor protection act" requiring issuers of state-backed bonds to issue quarterly risk statements.
What the bill says
An act to amend the economic development law, in relation to enacting "the New York state credit risk transparency and investor protection act".
From the amended text, July 15, 2026:
AN ACT to amend the economic development law, in relation to enacting "the New York state credit risk transparency and investor protection act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "New York state credit risk transparency and investor protection act". § 2. The economic development law is amended by adding a new section 103-a to read as follows: § 103-A. STATE BOND SECURITY. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "CREDIT RISK DECAY" SHALL MEAN THE NATURAL REDUCTION IN THE LIKELIHOOD OF BOND DEFAULT OVER TIME, RESULTING FROM THE BOND'S AMORTIZATION, IMPROVED ISSUER PERFORMANCE, OR EXTERNAL ECONOMIC FACTORS THAT REDUCE DEFAULT RISK; (B) "MATERIAL CREDIT EVENT" SHALL MEAN ANY EVENT THAT SIGNIFICANTLY IMPACTS THE ISSUER'S ABILITY TO MEET ITS OBLIGATIONS, INCLUDING BUT NOT LIMITED TO: (I) CHANGES IN FEDERAL FUNDING, INCLUDING BUT NOT LIMITED TO MEDICAID CUTS OR INFRASTRUCTURE FUNDING REDUCTIONS; (II) TARIFFS, TRADE POLICY CHANGES, OR OTHER EXTERNAL ECONOMIC FACTORS THAT MAY ALTER THE BOND ISSUER'S FINANCIAL POSITION; OR (III) ANY SIGNIFICANT MODIFICATION OF LEGAL OBLIGATIONS THAT AFFECTS A BOND'S PERFORMANCE; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be …
Sponsors
- Yudelka Tapia (D, 86) · primary sponsor
Latest actions
- : PRINT NUMBER 8769B
- : AMEND AND RECOMMIT TO ECONOMIC DEVELOPMENT
- : REFERRED TO ECONOMIC DEVELOPMENT
- : PRINT NUMBER 8769A
- : AMEND AND RECOMMIT TO ECONOMIC DEVELOPMENT
- : REFERRED TO ECONOMIC DEVELOPMENT
Subjects: Economic Development Law
Common questions
- What is A8769?
- A8769 is a bill in the New York Legislature (2025-2026 General Assembly): Enacts the "New York state credit risk transparency and investor protection act".
- What does A8769 do?
- In its own words: An act to amend the economic development law, in relation to enacting "the New York state credit risk transparency and investor protection act".
- What is the status of A8769?
- In committee as of July 15, 2026. Latest action: PRINT NUMBER 8769B (July 15, 2026).
- Who sponsored A8769?
- Yudelka Tapia (D, 86).
- Where is the official record for A8769?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A8769
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.