Legislative Bill Tracking
Governor Cuomo announced that he has called on the Department of Financial Services to investigate the shutdown of MyPayrollHR, a Clifton Park, NY based payroll company which closed last week.
Senate Banking Committee Chairman Mike Crapo confirmed that he is trying to get a cannabis banking bill ready for a vote. NYBA is planning to launch a grassroots letter-writing campaign next week to urge New York’s Congressional delegation to support the SAFE Banking Act, which would allow banks to serve cannabis-related businesses in states where the activity is legal and prohibit federal regulators from taking action against a bank solely because cannabis is involved.Watch NYBA publications next week for more details.
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
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669