Establishes a temporary commission to study the feasibility of a state public bank in New York.

New York A06308 establishes a temporary state commission to conduct a feasibility study on forming and controlling a state public bank. The study will evaluate the potential benefits, governance structures, and challenges of such a bank. If feasible, the commission may recommend legislation to create the bank. The commission will submit a report within six to seven months, which will be published on the Department of Financial Services' website. The act will expire one year after its effective date.

Establishes a temporary commission to study the feasibility of a state public bank in New York.

New York A06308 establishes a temporary state commission to conduct a feasibility study on forming and controlling a state public bank. The study will evaluate the potential benefits, governance structures, and challenges of such a bank. If feasible, the commission may recommend legislation to create the bank. The commission will submit a report within six to seven months, which will be published on the Department of Financial Services' website. The act will expire one year after its effective date.