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FINANCIAL SERVICES COMMITTEE

Staff Contact: Marcus Ferguson

What's New

• End of 2011 Legislative Session Update

News

• With Pension Costs Spiraling Out Of Control, A Variety Of Fixes Emerges
• Punishing Street: a Pyrrhic Victory, (Op-ed Crain's New York Business, May 10, 2010)
• Schneiderman's fraud bill blasted as anti-Wall Street (New York Post, CARL CAMPANILE, September 21, 2010)

Committee Updates

• Tort Reform to Cut Budget Deficit and Create Jobs, December 3, 2010
  
  
• Report to the Superintendent of Insurance - Insurance Filings Modernization Initiative, December 2, 2010
  
  
• Unions Drop $200K for Passage of Martin Act, October 21, 2010
  
  
• Punishing Street: a Pyrrhic Victory, (Op-ed Crain's New York Business, May 10, 2010)
  
  
• February 9, 2010
  - 1199 SEIU Launches Banker Bonu$ Tax Campaign
  - Tell Albany To Support Fiscal Reform!
  

2011-2012 Legislative Memos

(Archived Legislative Memos)

• S.262 (Diaz, Krueger) / A.1111 (Crespo), Oppose, Imposes a fifty-percent franchise tax on business-owned life insurance benefits, 3/17/2011
  Bill text
• S.2557 (Seward) / A.4098 (Morelle), Support, Employer Choice Group and Blanket Disability Policies, 1/27/12
  Bill text
• S.2628 (Lavalle, Stavisky, DeFrancisco), Support, CPA Mobility - Allows accountants licensed in other states to have practice privileges in New York State
  Bill text
• S.2812/A.4102, Part A (Budget), Department of Financial Regulation, 2/16/2011
  Bill text
• S.3942 (Martins) / A.5045-A (Weisenberg), Oppose, Establishes the Savings Bank, Savings and Loan Association or Credit Union Municipal Deposit Program, 5/20/11
  Bill text
• S.5632 (Rules) / A.7909 (Abatte), Oppose, Prohibit Use of Placement Agents in CRF Investments, 6/13/2011
  Bill text
  

REPORTS

• Report to the Superintendent of Insurance - Insurance Filings Modernization Initiative, December 2, 2010
• Derailing New York's Economic Engine
  How Albany Punishes New York’s Largest Industry 

  Public Policy Institute Report (March 2010)

• Sustaining New York’s and the US’ Global Financial Services Leadership
  

KEY CONTACTS

INSURANCE LINKS

• NYS Insurance Department's Latest Updates
• Life Insurance Information
• Property/Casualty Insurance Information
• Insurance Frauds Information

RELATED WEBSITES

State Government

• New York State Insurance Department
• New York State Banking Department
• New York State Division of Budget
• New York State Office of the State Comptroller

Federal Government

• President Barack Obama
• United States Senate
• United States House of Representatives
• Federal Reserve Bank of New York
• Federal Deposit Insurance Corporation
• United States Securities and Exchange Commission
• United States Department of Treasury
• Library of Congress

Industry

• Life Insurance Council of New York
• New York State Bankers Association
• Securities Industry and Financial Market Association
• National Underwriter P&C
• Insurance Information Institute
• Independent Bankers Association of New York State
• American Bankers Association
• Independent Community Bankers of America
• The Financial Services Roundtable
• Financial Services Authority