What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Print number 6727b
- Amend and recommit to codes
- Print number 6727a
- Amend and recommit to codes
- Referred to codes
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the penal law, in relation to the commission of larceny
Purpose
This bill amends Section 155.20 of the Penal Law to define the "value" of property involved in a larceny may be deemed to include the aggregate market value of all the property taken, obtained, or withheld during a common scheme to defraud
Summary of provisions
Section 1 amends Subdivision 2 of Section 155.20 of the Penal Law to define the "value" of property involved in a larceny may be deemed to include the aggregate market value of all the property taken, obtained, or withheld during a common scheme to defraud
Section 2 sets forth the effective date of the law.
Justification
As acts of larceny have rapidly evolved to include a wide range of computer crimes, mortgage fraud and compounded instances of identity theft, the State's district attorneys are often left without the necessary tools to prosecute defendants in correlation with the magnitude of their wrongdoing.
For instance, if a had actor commits two unique acts of deed fraud resulting in the theft of real estate valued at $600,000, those two acts cannot be aggregated under current law to surpass the $1 million threshold that allows for prosecution of a defendant under Grand Larceny in the First Degree. a Class B felony. Rather, prosecutors are restricted to filing two counts of Grand Larceny in the Second Degree, where the current dollar amount threshold is $50,000. Grand Larceny in the Second Degree is a Class C felony and punishable by significantly lighter penalties. However, the fact remains that the defendant in this scenario has stolen more than a million dollars of property, as part of a single, coordinated criminal scheme.
Prior legislative history
New bill.
Effective date
This act shall take effect on the first of November next succeeding the date on which it shall have become a law
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.