NY A 5471
in committeeRelates to equitable investment practices
New York · 2025-2026 Regular Session · lower
Quick answers
Did NY A 5471 pass?
Not yet. NY A 5471 is in committee as of 2026-01-07 and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO GOVERNMENTAL EMPLOYEES
What is NY A 5471 about?
Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).
Who sponsors NY A 5471?
George Alvarez is the primary sponsor of NY A 5471, joined by 14 cosponsors.
Description
Enacts the "New York state agency BIPOC asset management and financial institution strategy act" to ensure the promotion of equity, diversity, and inclusion within the state pension system and the New York city pension system's investments by mandating a minimum allocation of assets to BIPOC asset managers, BIPOC financial institutions, and BIPOC financial or professional service firms; addresses disparities in investment opportunities and fosters economic growth within BIPOC communities, aligning with best practices in investment management and bolstering the financial well-being of New York City and state and residents thereof (Part A); relates to fair investment practices by investment advisers within the state of New York (Part B).
- Introduced
- —
- Latest action
- 2026-01-07 — REFERRED TO GOVERNMENTAL EMPLOYEES
- Bill type
- bill
- Last updated
- —
Sponsors
- George Alvarezprimary
- Landon C. Daiscosponsor
- Alicia Hyndmancosponsor
- Karines Reyescosponsor
- Rodneyse Bichotte Hermelyncosponsor
- Yudelka Tapiacosponsor
- Manny De Los Santoscosponsor
- Chantel Jacksoncosponsor
- Jordan Wrightcosponsor
- Al Taylorcosponsor
- Catalina Cruzcosponsor
- Steven Ragacosponsor
- Noah Burroughscosponsor
- Demond Meekscosponsor
- Grace Leecosponsor
Committees
Not provided by source.
Action timeline
2025-02-14
REFERRED TO GOVERNMENTAL EMPLOYEES
referral-committee
2025-04-22
AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
amendment-passage,referral-committee
2025-04-22
PRINT NUMBER 5471A
amendment-passage
2025-11-19
AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
amendment-passage,referral-committee
2025-11-19
PRINT NUMBER 5471B
amendment-passage
2026-01-07
REFERRED TO GOVERNMENTAL EMPLOYEES
referral-committee
Versions
Documents
Votes
Not provided by source.
Related bills
- Prior session: A 9999not in this corpus
- Companion bill: S 8020
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=A 5471. See the API docs or the MCP server for AI assistants.
Known limitations
- Sponsor party and chamber affiliation are not yet captured by this API.
- Committee referrals are not yet captured.
See the methodology page for data sources and limitations.