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

The bill establishes a temporary state commission, known as the New York State Public Bank Commission, to conduct a feasibility study on the formation and control of a state public bank. The study will evaluate various aspects, including governance structures, capitalization requirements, risk management tools, and potential economic impacts. If the study finds the state bank to be feasible, the commission may recommend legislation to create such a bank.

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

The bill establishes a temporary state commission, known as the New York State Public Bank Commission, to conduct a feasibility study on the formation and control of a state public bank. The study will evaluate various aspects, including governance structures, capitalization requirements, risk management tools, and potential economic impacts. If the study finds the state bank to be feasible, the commission may recommend legislation to create such a bank.