Bill Commons

NY S 10127

in committee

Extends the interest rate caps and criminal usury framework to covered services

New York · 2025-2026 Regular Session · upper

Quick answers

Did NY S 10127 pass?

Not yet. NY S 10127 is in committee as of 2026-04-30 and has not come to a final vote. Latest recorded action (2026-04-30): REFERRED TO JUDICIARY

What is NY S 10127 about?

Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.

Who sponsors NY S 10127?

Rachel May is the primary sponsor of NY S 10127.

Description

Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.

Introduced
—
Latest action
2026-04-30 — REFERRED TO JUDICIARY
Bill type
bill
Last updated
—

Sponsors

  • Rachel Mayprimary

Committees

Not provided by source.

Action timeline

  1. 2026-04-30

    REFERRED TO JUDICIARY

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S10127?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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=S 10127. 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.