An act to amend the Limited Liability Company Law, in relation to the scope of certain provisions relating to beneficial owners of limited liability companies
The Assembly debated A08662-A, sponsored by Assemblywoman Gallagher, which modifies LLC Law definitions of beneficial owner, reporting company, and exempt company by removing Federal Corporate Transparency Act cross-references and providing state-specific definitions. Gallagher characterized the measure as a technical fix clarifying existing law. However, the bill faced significant opposition. Assemblyman Lemondes argued it imposes $5 billion in compliance costs on small businesses, invades privacy, increases cyber security risks, and worsens out-migration—New York already ranks 50th nationally in business climate. Assemblyman Blumencranz questioned why the state would adopt language Federal courts found unconstitutional and the Federal Government abandoned after FinCEN rescinded the beneficial ownership reporting requirement in March 2025. He argued the bill creates two different compliance standards and lacks empirical evidence of crime deterrence. Gallagher maintained the bill is purely technical and does not change existing law.
LLC Transparency Act - Definition Codification (Technical Amendment)
The Assembly passed A8662-A, a technical amendment to the LLC Transparency Act that codifies Federal beneficial ownership definitions into state law. Sponsor Asm. Gallagher characterized the bill as a necessary fix to fill a gap created when Federal law changed, maintaining no new policy or exemptions were introduced. However, opponents including Asm. Blumencranz and Asm. Ra argued the bill represents substantive policy-making, not a technical fix, as it explicitly places into state law definitions previously referenced by Federal citation. Critics raised concerns about duplicative compliance burdens on small businesses, data security risks, and the bill's exemption of large financial institutions while targeting smaller LLCs. The Business Council strongly opposed the legislation, calling it regulatory overreach that will accelerate business exodus from New York. A procedural dispute arose over whether questions about Federal enforcement changes were germane; the Acting Speaker ruled they were not, and that ruling was upheld on appeal. The bill passed on a party-line vote, with the Republican Conference voting in opposition.
An act to amend the Limited Liability Company Law, in relation to the scope of certain provisions relating to beneficial owners of limited liability companies
Algorithmic collusion and price fixing in residential rental housing
The Assembly passed legislation sponsored by Assemblywoman Linda Rosenthal that extends New York's antitrust law to algorithmic price fixing in residential rental housing. The bill, A04172/S05174, clarifies that using algorithms to coordinate pricing among landlords violates the state's Donnelly Act, which has been law since 1899. Rosenthal argued the measure gives the Attorney General tools to prosecute conduct already illegal when done by humans, citing examples from Washington D.C., Philadelphia, and other jurisdictions where companies like RealPage have orchestrated collusion. The bill requires three specific functions—collecting pricing data from multiple landlords, analyzing it algorithmically, and recommending prices—to constitute illegal collusion, and includes a 'knowingly or reckless disregard' standard. Opponents, including Assemblyman Peter Fitzpatrick and Assemblyman DiPietro, argued there is no evidence of algorithmic collusion in New York State and characterized the bill as government overreach that will discourage landlord investment and worsen housing shortages. The Republican Conference voted against the bill; the Majority Conference voted in favor.
An act relating to algorithmic collusion and price fixing in residential rental markets
The Assembly passed legislation sponsored by Asm. Rosenthal that extends New York's antitrust protections to algorithmic price fixing in residential rental markets. The bill clarifies that using algorithms to coordinate pricing among landlords violates the Donnelly Act, which has governed price fixing since 1899. Rosenthal cited examples from Washington D.C., Philadelphia, and other jurisdictions where software like RealPage was used to inflate rents across thousands of units. The measure requires three specific functions—data collection from multiple landlords, algorithmic analysis, and price recommendations—to constitute illegal collusion, and includes a 'knowingly or reckless disregard' standard. Opponents, led by Asm. Fitzpatrick, argued the bill represents premature government intervention without documented cases of algorithmic price fixing in New York State, and contended that the state's strict rent regulations already prevent such practices. Fitzpatrick also questioned why the bill targets only housing when AI-driven pricing occurs across industries. The bill passed with support from Asm. Gallagher, who noted rents in her district have risen 40 percent, and Mrs. Peoples-Stokes, who acknowledged the bill addresses real concerns even as technology continues to evolve.
An act to amend the General Business Law, in relation to automatic renewals, continuous service offers and automatic subscription renewals
The Assembly passed A03928-B, legislation to regulate automatic subscription renewals and continuous service offers. Sponsor Assemblymember Bores said the bill addresses consumer complaints about hidden charges and difficulty canceling subscriptions. The measure passed unanimously through three committees and has backing from the Business Council, Tech NYC, and local chambers of commerce. Bores noted the bill aligns with regulations in other states, avoiding new compliance burdens on New York businesses while providing consumer relief.
An act to amend the Judiciary Law, the Mental Hygiene Law, the Public Health Law, the County Law and the General City Law, in relation to replacing the words 'addict' and 'addicts' with the words 'person with substance use disorder' or variation thereof
The Assembly passed legislation replacing stigmatizing language around addiction in state law. Bill A02398, sponsored by Assemblywoman Gallagher, amends multiple statutes to replace the terms 'addict' and 'addicts' with 'person with substance use disorder' or variations thereof. Gallagher argued that language creates stigma, which in turn creates fear that prevents people from seeking recovery and community support. She emphasized that substance use disorder is a disease and the correct medical terminology. The bill passed on a voice vote.
An act to amend the Banking Law, in relation to prohibiting state chartered banking institutions from investing in and providing financing for private prisons
An act to amend the Environmental Conservation Law, in relation to prohibiting well permits from being issued to an applicant that uses carbon dioxide to complete or recomplete natural gas or oil resources.
The Assembly debated A08866, sponsored by Assemblywoman Kelles, which would prohibit well permits for applicants using carbon dioxide to extract natural gas or oil—closing a loophole in New York's 2020 hydraulic fracturing ban. Kelles argued that supercritical CO2 is highly corrosive and dangerous, citing risks of pipeline rupture, seismic activity, and water contamination, and that the technology remains experimental with insufficient scientific study. She noted that even the DEC's review of traditional hydraulic fracturing found no interventions could adequately mitigate health and environmental consequences. Opponents including Assemblymen Simpson, Goodell, and Angelino contended that CO2 fracking deserves scientific evaluation by the DEC rather than legislative prohibition, and that restricting natural gas production in New York while importing it from Pennsylvania is economically counterproductive given that 60 percent of households rely on natural gas for heating. Goodell argued the Legislature should not override the DEC's scientific authority, while Angelino noted that Pennsylvania's fracking has produced prosperity without the predicted harms. The debate remained unresolved at the end of the transcript segment.
An act to amend the State Law, in relation to establishing congressional districts; and to repeal Article 7 of such law relating thereto
The New York State Assembly passed legislation on Wednesday establishing four designated judicial venues—New York County, Westchester County, Albany County, and Erie County—for all future reapportionment and redistricting challenges. The bill (A09310-A), sponsored by Asm. Zebrowski, aims to centralize expertise and discourage venue shopping in apportionment cases. Supporters argued that specialized courts with concentrated expertise are necessary to protect voting rights and democratic integrity, comparing the approach to federal specialized courts like the Tax Court. However, critics contended the measure effectively disenfranchises rural residents in the state's 62 counties who lack convenient access to the four designated venues, with some calling it unconstitutional. Asm. Goodell questioned why the Legislature would not designate Steuben County, where a judge's reapportionment ruling was repeatedly affirmed on appeal. The bill passed following extended debate over access to courts and the proper balance between judicial expertise and constitutional rights.
LLC Transparency Act amendment — amends Limited Liability Company Law regarding disclosure of beneficial owners; removes public database component while maintaining information collection
The Assembly debated the LLC Transparency Act amendment (A08544/S08059), sponsored by Asm. Gallagher, which amends Chapter 772 of the Laws of 2023. The bill removes the public database component of the original legislation but maintains collection of beneficial ownership information for LLCs doing business with New York State, to be shared with law enforcement and local government agencies. The amendment aligns with the Federal Corporate Transparency Act. During debate, Mr. Goodell questioned why the bill targets only LLCs rather than other business entities and challenged the necessity of the disclosure requirement given existing court mechanisms for obtaining information through subpoena and warrant. Gallagher responded that law enforcement lacks sufficient mechanisms to identify beneficial owners in cases involving money laundering, human trafficking, and other crimes. Goodell also raised concerns about identity theft risks and criticized the penalty structure, which allows automatic suspension and fines up to $500 per day assessed by the Attorney General without court involvement. The debate was ongoing at the end of this transcript segment.
An act to amend the Limited Liability Company Law and the Executive Law, in relation to the disclosure of beneficial owners of limited liability companies
The Assembly passed legislation establishing the nation's first publicly accessible beneficial ownership database for limited liability companies, marking a significant transparency milestone for New York. Sponsored by Assemblywoman Gallagher, A3484/S995 requires disclosure of beneficial owners' names, dates of birth, and business addresses to the Department of State, with only legal names and current business addresses made publicly available while other identifying information remains confidential for state investigative use. The bill targets anonymous LLCs that have been implicated in terrorism financing, money laundering, tax avoidance, human trafficking, and housing violations. Gallagher noted the legislation received support from the Building Construction and Trades Council, Carpenters Union, Hotel Trades Council, Reinvent Albany, and the New York Association of Land Title Agents. The bill includes 23 exemptions for entities meeting certain thresholds, including those with over $20 million in gross receipts and 20 full-time employees. Republicans generally opposed the measure, while the Democratic majority supported it.
An act to amend the Limited Liability Company Law and the Executive Law, in relation to the disclosure of beneficial owners of limited liability companies
Bicycle safety bill allowing cyclists to treat red lights as stop signs and stop signs as yield signs (Idaho Stop)
The New York State Assembly passed legislation on June 7 allowing cyclists to treat red lights as stop signs and stop signs as yield signs, a measure known as the Idaho Stop. Sponsored by Assemblywoman Pat Fahy, the bill generated heated debate between supporters who cited safety data from Delaware and Idaho showing reduced cyclist fatalities, and opponents primarily from New York City who raised concerns about pedestrian safety in congested urban areas. Supporters argued the measure increases cyclist visibility and allows riders to position themselves safely ahead of trucks. Opponents, including Assemblyman Pirozzolo and Assemblyman Braunstein, called for a carveout for New York City and criticized the lack of input from NYC Department of Transportation. The bill passed with support from the Democratic majority, though Republicans were generally opposed. Several members explained their votes on the floor, with some expressing concerns about enforcement and the need for cyclists to follow existing traffic laws.
Rental housing — prohibition on reporting negative rent payment history to consumer reporting agencies
The Assembly recalled a bill that would prohibit landlords from reporting negative rent payment history to consumer reporting agencies before a final vote tally was recorded. The measure, sponsored by Assemblymember Rosenthal, sparked heated debate between housing advocates and landlord advocates. Supporters argued the bill protects tenants from discriminatory practices and excessive salary requirements that exclude working people from housing. Opponents contended it would force landlords to raise rents to cover increased risk and worsen New York's housing crisis by discouraging investment in rental properties. The bill drew passionate testimony from members on both sides, with supporters citing personal experiences of housing insecurity and opponents warning of disinvestment in residential real estate. Majority Leader Peoples-Stokes moved to recall the bill and lay it aside before the roll call vote was completed, preventing a final tally from being recorded.
An act to amend the General Business law, in relation to requiring restaurants and persons authorized to sell alcoholic beverages to have tangible menus available upon request.
An act to amend the Real Property Law, in relation to prohibiting landlords, lessors, sub-lessors, and grantors from demanding brokers' fees from a tenant.
Source: Official NY Assembly floor session transcripts (Granicus). AI-processed. Includes sessions from 2023 onward where transcripts are available.