A 5568 New York Assembly · 2025 Regular Session

Relates to enacting the "New York city small business rent stabilization act"

Summary

Enacts the "New York city small business rent stabilization act" instituting a commercial rent control system in the city of New York; creates the commercial rent guidelines board.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 14, 2025 Last action Jan 7, 2026

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What changed between versions

A5568 → A5568A · 5 edits

MODERATE

The bill was amended to renumber the new chapter from 14 to 15 and updated the definitions of the 'Administering agency' and 'Pass-along' terms. The most significant change involves the composition of the Commercial Rent Guidelines Board, which now requires at least one landlord representative to own ten or fewer commercial spaces and adds specific experience requirements for public members.

Scope change

The bill's scope remains focused on commercial rent stabilization for leases expiring on or after July 1, 2025, but the eligibility criteria for board members have been tightened to ensure representation of smaller business owners and independent experts.

DEFINITION

The definition of 'Administering agency' was expanded to explicitly include the duty to 'enforce' the chapter's provisions.

The definition of 'Pass-along' was clarified to exclude charges that are individually metered to reflect a tenant's exclusive use of utilities.

REQUIREMENT

New requirements were added to the Commercial Rent Guidelines Board, mandating that at least one landlord member own ten or fewer commercial spaces and specifying experience qualifications for public members.

Restrictions were added preventing public board members from owning affected rental property or holding office in tenant/owner organizations.

TECHNICAL

The chapter number was changed from 14 to 15, and section numbers were updated accordingly (e.g., 22-1401 became 22-1501).

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO CITIES

lower

May 27, 2025

Lower · Passed

PRINT NUMBER 5568A

lower

May 27, 2025

Lower · Passed

AMEND AND RECOMMIT TO CITIES

lower

Feb 14, 2025

Committee

REFERRED TO CITIES

lower

1 primary · 9 co-sponsors