Legislative Bill Tracking
At the State level, Governor Andrew Cuomo, Lieutenant Governor Kathy Hochul, Comptroller Tom Di Napoli, and US Senator Kirsten Gillibrand easily won re-election. NYC Public Advocate Letitia James made history, becoming the first African American woman to win the office of NY Attorney General. The Democrats have regained control of the New York State Senate. The Democrats have potentially gained 8 seats for a total of 39 Senate seats. Republican State Senate veterans Kemp Hannon and Carl Marcellino lost their bids for re-election, as did Elaine Phillips, Chair of the Banks Committee. The New York State Assembly, as expected, remains solidly Democratic.
Democrats on the House Financial Services Committee, including New Yorker Gregory Meeks, are urging Comptroller of the Currency Joseph Otting to reconsider the OCC’s approach to revamping the Community Reinvestment Act (CRA). Congressman Meeks joined 10 other Members of the centrist New Democrat Coalition on a letter that also expressed an objection to the OCC releasing its proposal without the participation of the other agencies.
For additional information on any of the State or Federal issues, please contact:
Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664