Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 2 Sponsors

Allows credit unions, savings banks, savings and loan associations and federal savings associations to accept and secure deposits from municipal corporations.

Chamber: Senate
Introduced: Jan 23, 2025
Last action: Jan 7, 2026 — REFERRED TO BANKS
Session: 2025-2026
Momentum: 41 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 5%, measured from NY's completed sessions
Momentum -2 41/100 from the pace of recorded action
Time since last action -22 288 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.