S08432Introduced in the Senate
Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.
Introduced by Brad Hoylman-Sigal, District 47
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.
Where it stands
VETOED MEMO.164
December 19, 2025
How did lawmakers vote?
Assembly votes
1 recorded vote · each counted separately
Senate votes
2 recorded votes · each counted separately
AssemblyStage: Assembly Floor Vote - Final Passage · June 17, 2025
95
Yes
46
No
9
Absent or Not Voting
150 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.
See how each assemblymember voted
| Assemblymember | District | Vote |
|---|---|---|
| Tommy Schiavoni | 1 | Yes |
| Jodi Giglio | 2 | No |
| Joseph DeStefano | 3 | No |
| Rebecca Kassay | 4 | Yes |
| Doug Smith | 5 | No |
| Philip Ramos | 6 | Absent |
| Jarett Gandolfo | 7 | No |
| Michael Fitzpatrick | 8 | No |
| Michael Durso | 9 | No |
| Steve Stern | 10 | Yes |
Bill history
REFERRED TO RULES
ORDERED TO THIRD READING CAL.2030
PASSED SENATE
DELIVERED TO ASSEMBLY
referred to ways and means
substituted for a8662a
ordered to third reading rules cal.686
passed assembly
returned to senate
DELIVERED TO GOVERNOR
VETOED MEMO.164
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.