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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to consumer protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to prohibiting discrimination on the basis of credit history in making decisions
In Assembly Committee · Consumer Affairs And Protection · Sponsor Luis R. Sepúlveda
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general business law, in relation to prohibiting an employer from discriminating on the basis of credit history
Purpose
To grow the economy by prohibiting the use of credit history as a criterion for employment decisions.
Summary of provisions
Section 1 amends the general business law by adding a new section 380-BB providing no employer shall use or request information in the credit history of a job applicant or employee in connection with or as a criterion for employment decisions related to hiring, termination, promotion, demotion, discipline or compensation unless mandated by federal law.
Section 2 provides the act shall take effect on the first of January next succeeding the date on which it shall become a law.
Existing law
None
Justification
According to the New York City Council, employers often use consumer credit information to make hiring decisions, despite the fact that there is little evidence linking an employee's credit score or credit worthiness to job performance or trustworthiness. Credit checks may adversely affect those who have fallen behind on student loan payments, medical bills or have taken on other forms of consumer debt. Further, the use of credit checks for employment purposes has been shown to have a discriminatory impact on low-income communities and communities of color. They also have a disparate impact on women and victims of domestic violence.
Legislative history
New bill
Fiscal implications
None
Local fiscal implications
None
Effective date
This act shall take effect on the first of January next succeeding the date on which it shall become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.