Relates to asset-based lending transactions

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 10 Sponsors

Deems asset-based lending transactions to be loans for all purposes.

Chamber: Senate
Introduced: Feb 10, 2025
Last action: Jun 5, 2026 — COMMITTED TO RULES
Session: 2025-2026
Momentum: 31 · Low

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 5%, measured from NY's completed sessions
Momentum -4 31/100 from the pace of recorded action
Time since last action -18 128 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.