What's happening
This bill extends the deadline for the advisory panel on employee-owned enterprises to report its findings and recommendations to 2020.
Why it matters
Extending the reporting deadline gives the advisory panel more time to conduct a thorough analysis. of employee-owned enterprises, potentially leading to more comprehensive and actionable recommendations for state policy.
Delaying the expiration of the advisory panel’s authorization allows the panel to continue its work. , maintaining momentum and continuity for stakeholders interested in supporting employee ownership as a strategy for economic development.
The extended timeline could mean that policymakers, businesses, and employees might wait longer for guidance or support programs. , but it also increases the chance that the panel’s final report will address complex issues more completely, benefiting future legislative or economic initiatives.
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Who cares
Advisory panel on employee-owned enterprises
The bill would extend its report deadline from June 30, 2019, to June 30, 2020, and extend the law establishing it until October 1, 2020.
Division of small business services
The bill would keep the law establishing the advisory panel within the division in place for another year.
Governor and legislative leaders
The bill would give the panel another year to deliver its findings and recommendations to them and the specified legislative committee chairs.
Headline styles
Extend Employee Ownership Panel
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Substituted by S6198
- Ordered to third reading rules cal.226
- Rules report cal.226
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Referred to small business
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.
Extend Employee Ownership Panel
Signed by Governor · Sponsor Anna Kaplan
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8089
2019-2020 Regular Sessions
IN ASSEMBLY
May 31, 2019
Introduced by M. of A. RYAN -- read once and referred to the Committee on Small Business
AN ACT to amend the economic development law, in relation to an advisory panel on employee-owned enterprises within the division of small business services; and to amend chapter 435 of the laws of 2017 amending the economic development law, relating to establishing an advisory panel on employee-owned enterprises within the division of small business services, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 5 of section 139 of the economic development law, as amended by chapter 30 of the laws of 2018, is amended to read as follows:
5. Reporting. The advisory panel shall issue a report no later than June thirtieth, two thousand [nineteen] twenty outlining the findings and recommendations of the panel. The report shall be delivered to the governor, the speaker of the assembly, the temporary president of the senate, the minority leader of the assembly, the minority leader of the senate, the chair of the assembly committee on ways and means, the chair of the senate committee on finance, the chair of the assembly committee on economic development, the chair of the assembly committee on small business, the chair of the senate committee on commerce, economic development, and small business, the chair of the assembly committee on labor, and the chair of the senate committee on labor.
§ 2. Section 2 of chapter 435 of the laws of 2017 amending the economic development law, relating to establishing an advisory panel on employee-owned enterprises within the division of small business services, as amended by chapter 30 of the laws of 2018, is amended to read as follows:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11943-01-9
A. 8089 2
§ 2. This act shall take effect immediately and shall expire October 1, [2019] 2020 when upon such date the provisions of this act shall be deemed repealed.
§ 3. This act shall take effect immediately; provided that the amendments to subdivision 5 of section 139 of the economic development law made by section one of this act shall not affect the repeal of such section and shall be deemed repealed therewith.
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.