BILL NUMBER: S9392
SPONSOR: RYAN
 
TITLE OF BILL:
An act to amend chapter 731 of the laws of 2019 amending the executive
law relating to regulatory fines for small businesses, in relation to
the effectiveness thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
Extends chapter 731 of the laws of 2019 relating to regulatory fines for
small businesses for another three years.
 
SUMMARY OF SPECIFIC PROVISIONS:
Section 2 extends the expiration date of the existing law from December
20, 2024 to December 20, 2027.
 
JUSTIFICATION:
New York's small businesses are heavily regulated and are not always
aware of the numerous current and new regulations. Various regulations
can cost small businesses thousands of dollars in implementation and
penalties. According to CNBC, New York state is currently ranked 29th
when comparing top business states across the country (2016).
For small business to effectively abide by state regulations, they
should be provided with essential resources such as literature or an
in-person meeting that informs the owner(s) of their obligations to New
York's state agencies. This includes frequent updates on updated rules
or regulations.
By allowing our small businesses the opportunity to cure as opposed to
an immediate fine, the state would be improving communication with our
small businesses and working to improve our business climate. The previ-
ous chaptered law is only in effect through December 20, 2024. With the
law expiring this year, the goal is to extend it through 2027.
 
LEGISLATIVE HISTORY:
Chapter 752 of the laws of 2021
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.