state_legiscan_drain · NY
Specifies that moneys credited to the state pursuant to section nine hundred one of the federal social security act are to be credited to the general account of the unemployment insurance fund.
April 13, 2026
Summary
If enacted, this bill would redirect federal Social Security Act funds credited to New York State into the general account of the state's unemployment insurance fund, rather than any other dedicated account. This is a purely administrative fiscal change with no direct impact on mortgage lending, banking, or consumer financial regulations.
Source: https://www.nysenate.gov/legislation/bills/2025/S9904
Common questions
- What does "Specifies that moneys credited to the state pursuant to section nine hundred one of the federal social security act are to be credited to the general account of the unemployment insurance fund." cover?
- If enacted, this bill would redirect federal Social Security Act funds credited to New York State into the general account of the state's unemployment…
- When was it published?
- It was published on April 13, 2026.