What's happening
This bill allows courts to direct certain fines from business law violations to New York’s Office of Victim Services for victim-related programs.
Why it matters
Empowers courts to allocate fines from certain business law violations directly to victim services. , potentially increasing resources available for victim compensation, counseling, and support programs.
Creates a new funding stream for the Office of Victim Services (OVS) without raising taxes. , allowing penalties from corporate or business misconduct to benefit those harmed by crime rather than defaulting to the general fund.
Gives judges discretion in directing fines. , which could encourage courts to consider the broader impact of business crimes and prioritize victim recovery in sentencing decisions.
May incentivize better corporate behavior. , as businesses could face not only financial penalties but also the knowledge that their fines will concretely support crime victims, potentially increasing the reputational consequences of violations.
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Who cares
Headline styles
Direct Antitrust Fines to Victims
Plain English, a few words. Used as the page title.
Sponsors
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History
- Referred to consumer protection
- Delivered to senate
- Passed assembly
- Ordered to third reading cal.277
- Returned to assembly
- Died in senate
- Referred to consumer protection
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.143
- Reported
- Reported referred to codes
Show 1 earlier action
- Referred to governmental operations
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.
Send Antitrust Fines to Victims
In Senate Committee · Consumer Protection · Sponsor Brad Hoylman-Sigal
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3555
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Governmental Operations
AN ACT to amend the general business law and the executive law, in relation to the disposition of certain fines
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The general business law is amended by adding a new section 347-a to read as follows:
§ 347-a. Fines payable to the office of victim services. Following sentencing for a crime pursuant to section three hundred forty-one of this article or upon a judgment pursuant to section three hundred forty-two-a of this article, the court in its discretion may determine that any fine or penalty or any portion thereof shall be paid to the office of victim services to be expended for any purpose of article twenty-two of the executive law as provided by subdivision nineteen of section six hundred twenty-three of such law.
§ 2. Subdivision 19 of section 623 of the executive law, as amended by section 8 of part A-1 of chapter 56 of the laws of 2010, is amended to read as follows:
19. To accept, with the approval of the governor, as agent of the state, any grant including federal grants, any fines or penalties imposed pursuant to section three hundred forty-one or three hundred forty-two-a of the general business law and made payable to the office pursuant to section three hundred forty-seven-a of such law, or any gift for the purposes of this article. Any monies so received may be expended by the office to effectuate any purpose of this article, subject to the applicable provisions of the state finance law.
§ 3. This act shall take effect on the sixtieth day after it shall have become a law and shall apply to any judgment entered or fine or penalty imposed on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03528-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.