Establishes a universal basic stock fund for New York residents to invest in New York-based companies.

New York Assembly Bill A09414 creates a universal basic stock fund within the office of the state comptroller. This fund provides a one-time fixed amount of principal to every resident aged eighteen or over in the state of New York. Residents can invest this principal in a New York-based publicly traded company or financial product of their choosing. The comptroller determines the amount of principal distributed to every resident and annually thereafter to account for new residents turning eighteen years old or moving into the state.

Establishes a universal basic stock fund for New York residents to invest in New York-based companies.

New York Assembly Bill A09414 creates a universal basic stock fund within the office of the state comptroller. This fund provides a one-time fixed amount of principal to every resident aged eighteen or over in the state of New York. Residents can invest this principal in a New York-based publicly traded company or financial product of their choosing. The comptroller determines the amount of principal distributed to every resident and annually thereafter to account for new residents turning eighteen years old or moving into the state.