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S5950Senate2017-2018 SessionSame asA4393

Extend Self-Employment Aid Program

Official title

“Extends provisions relating to self-employment assistance programs and other matters”

Sponsor Fredrick J. Akshar IISD-52Affects Economy
Status
Senate Floor Calendar
Impact
3/10
Low
Outcome
Companion signed

Bill progress

Signed via A4393

What's happening

This bill extends the expiration date of certain provisions related to New York's self-employment assistance program from 2017 to 2019.

Why it matters

  1. Prevents an immediate end to self-employment assistance for unemployed New Yorkers. by keeping certain program provisions active for two more years, allowing individuals to continue accessing resources and support for starting their own businesses.

  2. Gives policymakers more time to assess and potentially improve the self-employment assistance program. by extending the window before key provisions expire, rather than allowing a sudden lapse that could disrupt participants.

  3. Signals ongoing legislative interest in alternative unemployment solutions. the extension suggests that lawmakers see value in options that help jobless individuals become entrepreneurs rather than simply relying on traditional unemployment benefits.

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Who cares

Headline styles

Extend Self-Employment Aid Program

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Fredrick J. Akshar II

Senator · Senate District 52

Chair, Elections

No co-sponsors yet.

History

  1. Substituted by A4393
  2. Ordered to third reading cal.1903
  3. Reported and committed to rules
  4. Referred to labor

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.

A4393Assembly

Extend Self-Employment Assistance

Signed by Governor · Sponsor Robin Schimminger

Impact 3 · LowSigned into law

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

5950

2017-2018 Regular Sessions

IN SENATE

May 8, 2017

Introduced by Sen. AKSHAR -- read twice and ordered printed, and when printed to be committed to the Committee on Labor

AN ACT to amend chapter 413 of the laws of 2003 amending the labor law relating to the self-employment assistance program and other matters, in relation to extending the effectiveness thereof

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Section 10 of chapter 413 of the laws of 2003 amending the labor law relating to the self-employment assistance program and other matters, as amended by of chapter 457 of the laws of 2015, is amended to read as follows:

§ 10. This act shall take effect immediately; provided, however, that sections eight and nine of this act shall expire December 7, [2017] 2019 when upon such date the provisions of such sections shall be deemed repealed.

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD08637-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Sponsor's memo

Title of bill

An act to amend chapter 413 of the laws of 2003 amending the labor law relating to the self-employment assistance program and other matters, in relation to extending the effectiveness thereof

Purpose of the bill

This bill would extend to December 7, 2019 certain provisions relating to the establishment and operation of the state's Self-Employment Assistance Program (SEAP).

Summary of specific provisions

Section 1 Amends § 10 of Chapter 413 of the Laws of 2003 amending the Labor Law relating to the establishment and operation of the Self-Employment Assistance Program (SEAP) to extend the provision until December 7, 2019.

Section 2 of this bill provides that this act shall take effect immediately.

Justification

The Self-Employment Assistance Program has been extremely successful in helping individuals who are likely to exhaust their regular unemployment insurance benefits to develop and establish small businesses in New York. Qualified individuals participate in a rigorous program that consists of specific benchmarks they must comply with in order to stay in the program. A participant must complete a minimum of twenty hours of entrepreneurial training, meet a minimum of two times with a certified business counselor, create a business plan and send periodic reports to their Department of Labor coordinator. The success of this program is evident. Over 4,000 jobs have been created and $16 million in state tax revenue has been generated at no cost to the state. In an ongoing effort to create and nourish job growth throughout the state, it is critical; that the Self-Employment Assistance Program be extended to afford certain individuals, collecting unemployment insurance benefits the opportunity to take advantage of this program.

Legislative history

2015-2016: S5860 - Signed by Governor.

Fiscal implications

None.

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.