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S 8020

New York - Session 2025-2026

Senate in_committee 2026-01-08
Bill Details

Title: Relates to equitable investment practices

Summary

Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).

Sponsor
Leroy Comrie
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-05-15 Introduced Bill introduced
2026-01-08 Status in_committee
2026-01-08 Latest Action In Senate Committee
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