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Rules committee reports two bills to amend abandoned-property provisions and Executive Law
Summary
The Committee on Rules reported two Senate bills: S.72-30, an amendment related to abandoned property, and S.75-20, an amendment to the Executive Law. Both were moved, seconded and reported out of committee; vote tallies and next steps were not specified in the transcript.
At a meeting of the Committee on Rules of the 2025 Legislature NY, members reported two Senate bills out of committee: S.72-30, described as an amendment concerning abandoned property, and S.75-20, described as an amendment to the Executive Law.
The committee moved and seconded each measure and then reported them out. Senator Fernandez moved the action on S.72-30 and Senator Bailey seconded it; the transcript records the motion and that the bill was reported. Senator Holman Segal moved the action on S.75-20 and Senator Byer seconded it; the transcript records the motion and that the bill was reported. The transcript records the words “all in favor” for both items; specific vote tallies and whether any members opposed or abstained were not specified.
Why it matters: amendments to abandoned-property rules can affect how unclaimed or vacant assets are treated; changes to the Executive Law can affect the powers or procedures of the executive branch. The transcript provided no detail about the substance of either amendment, their sponsors’ stated intent, or what committee report (e.g., favorable or with recommendation) accompanied the actions.
Next steps and context: The transcript does not specify a committee vote tally, the committee’s recommendation language, committee report numbers, or scheduling for floor consideration. The items as recorded in the meeting were reported out of the Committee on Rules; further legislative steps were not specified in the transcript.
