What's happening
This bill prohibits discrimination in investment activities and makes sexual harassment of employees an unlawful discriminatory practice in New York.
Why it matters
Expands anti-discrimination protections to investment activities. , meaning banks, investors, and similar entities cannot refuse funds or investments based on protected characteristics like race, gender, sexual orientation, or age. This could increase access to capital for marginalized groups and reduce systemic bias in financial transactions.
Makes sexual harassment by employers or their agents—including outside professionals like investors or bankers—explicitly unlawful. , expanding accountability beyond just direct employees to any individual conducting business with the employer. This broadens protection for workers who interact with non-traditional authority figures.
Could lead to increased legal consequences and liability. for businesses and individuals in the investment sector or those interacting with employees, incentivizing stronger anti-discrimination and anti-harassment measures in workplaces and business deals.
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Who cares
Headline styles
Ban Investment and Workplace Discrimination
Plain English, a few words. Used as the page title.
Sponsors
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History
- Referred to governmental operations
- Referred to governmental operations
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8508
2019-2020 Regular Sessions
IN ASSEMBLY
August 7, 2019
Introduced by M. of A. ORTIZ -- read once and referred to the Committee on Governmental Operations
AN ACT to amend the executive law, in relation to prohibiting discrimination in investment activities and makes sexual harassment of employees an unlawful discriminatory practice
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 296 of the executive law is amended by adding a new subdivision 1-b to read as follows:
1-b. It shall be an unlawful discriminatory practice for any person whose business includes sponsoring, guaranteeing or granting funds or engaging in investment transactions to discriminate against any person in the sponsoring, guaranteeing or granting of funds or making available such funds because of race, creed, color, national origin, sexual orientation, gender identity or expression, military status, sex, age, disability, familial status or marital status.
§ 2. The executive law is amended by adding a new section 296-e to read as follows:
§ 296-e. Sexual harassment relating to employees. It shall be an unlawful discriminatory practice for an employer, personally or through its principals or agents, to sexually harass any employee. As used in this section, the term agent shall include, but not be limited to, professional investors, contractors, bankers or any other individual who engages in business with such employer.
§ 3. This act shall take effect on the thirtieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13506-01-9
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.