Establishes the "climate safe & responsible bank procurement act"
This bill requires New York state agencies to consider climate-related criteria when selecting banks for underwriting bond issuances or refinancing. It specifically mandates that banks with $100 billion or more in assets must disclose their scope 1-3 emissions, clean energy financing ratio, and policies banning support for coal projects or new fossil fuel infrastructure. Agencies must evaluate these factors as part of "best value" decisions for banking services, including credit cards and depository accounts. The law takes effect by 2027 for emissions reporting and applies to state contracts with large financial institutions.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 4, 2025
Last action Jan 7, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BANKS
lower
Apr 4, 2025
Committee
REFERRED TO BANKS
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Burdick
DDemocratic/Independence/Working Families
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