What's happening
This bill authorizes a study on senior citizen bankruptcy filings in New York over the past ten years and their causes.
Why it matters
Shines a spotlight on an under-researched population. By mandating a study of senior bankruptcy, the bill acknowledges the distinct economic challenges faced by older adults and may reveal trends unique to this age group that are not visible in general bankruptcy data.
Seeks to uncover root causes, not just statistics. The study is required to go beyond counting cases and examine the underlying reasons for bankruptcy filings, potentially informing more targeted policy solutions to address financial insecurity among seniors.
Engages multiple agencies and care facilities. The Office for the Aging can request data from other state agencies and assisted living facilities, promoting a more comprehensive and accurate understanding of the issue, but also raising questions about data-sharing and confidentiality.
Lays groundwork for legislative action. By requiring legislative recommendations as part of the report, the bill is structured to lead directly to new proposals or reforms aimed at protecting vulnerable older New Yorkers from financial distress.
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Study Senior Bankruptcies
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to aging
- Referred to aging
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.
Study Senior Bankruptcies
In Senate Committee · Aging · Sponsor Leroy Comrie
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1043
2019-2020 Regular Sessions
IN ASSEMBLY
January 14, 2019
Introduced by M. of A. SIMOTAS -- read once and referred to the Committee on Aging
AN ACT authorizing the study of the number of senior citizens in New York state who have filed for bankruptcy in the past ten years; and providing for the repeal of such provisions upon the expiration thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The office for the aging is authorized and directed to conduct a study on the number of senior citizens residing in New York state who have filed for bankruptcy in the past ten years and the underlying causes which resulted in such bankruptcy filings.
§ 2. On or before one year after the effective date of this act, the director of the office for the aging shall deliver a copy of the findings of the study conducted pursuant to section one of this act and any legislative recommendations he or she deem to be necessary to the governor, the temporary president of the senate, and the speaker of the assembly.
§ 3. The director of the office for the aging may request, and is authorized to receive, any information from any state agencies or assisted living facilities that is relevant and material to the completion of this study and report. Such information received by the office for the aging shall be subject to the same requirements for confidentiality and limitations on use, if any, as is applicable to each such state agency's use of such information.
§ 4. This act shall take effect immediately and shall be deemed repealed thirty days after the delivery of the report to the governor and the legislature as provided for in section two of this act; provided that the office for the aging shall notify the legislative bill drafting commission upon the occurrence of the delivery of the report provided for in section two of this act in order that the commission may maintain
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01545-01-9
A. 1043 2
an accurate and timely effective data base of the official text of the laws of the state of New York in furtherance of effectuating the provisions of section 44 of the legislative law and section 70-b of the public officers law.
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.