Sen. James Sanders Jr.

Described the bill as important consumer protection, particularly regarding confession of judgment practices. Cited media coverage of the issue and thanked colleagues for supporting the measure to improve the banking system.

Confessions of judgment have been terribly misused, as documented in the Wall Street Journal, and he is grateful for efforts to end this abuse.

Noted he has used panic buttons in his offices for years connected to local police, allowing discreet notification of law enforcement without alerting potential threats. Argued panic buttons are a commonsense safety measure.

Sponsor argued the bill protects average people who cannot afford lawyers from fraud. Noted that 20+ states already have similar protections and emphasized the standard should be protecting New York people, not banks.

The bill is straightforward enforcement; those who follow the law will not be affected, and fines should be directed back to protecting citizens from discrimination.

Sponsor argued that state law is necessary to complement federal regulations because judges look to laws rather than regulations, and state enforcement by the Department of Financial Services requires statutory authority.

Sponsor of the bill; no direct remarks recorded in transcript.

The sponsor argued that everyone has benefited from slavery's legacy through infrastructure and institutions built by enslaved labor, and therefore all New Yorkers share responsibility for addressing its lingering effects. He emphasized the commission will be independent and that the Legislature will retain authority over any resulting legislation.

Endorsed the legislation, arguing that inequality was created by design and can only be eliminated through intentional action and purpose.

Sponsor indicated the bill addresses medical marijuana use and that consumption is intended to be through non-smoking methods like gummies. Expressed willingness to seek clarification on smoking provisions and to accept amendments to clarify the bill's intent.