Bill
A 7866
Bill A 7866 mandates businesses disclose ties to slavery for state contracts, promoting transparency and accountability while informing the public about historical injustices.
Bill Number: A 7866
Introduced On: April 11, 2025
Current Status: Referred to Insurance
Classification: Bill
The New York Slavery Era Business and State Procurement Disclosure Act aims to address historical injustices related to slavery by increasing transparency in business practices and state procurement processes. The bill seeks to ensure that businesses and state entities disclose any financial ties or benefits they may have derived from slavery or slave-related activities.
The bill includes several important provisions:
Disclosure Requirements:
Businesses that engage in state procurement will be required to disclose any historical connections to slavery. This includes:
State Procurement Processes:
The bill mandates that state agencies consider the disclosures when awarding contracts. This aims to promote ethical business practices and accountability.
Public Reporting:
The bill requires the establishment of a public database where disclosures will be made available. This database will serve as a resource for the public and state agencies to assess the historical context of businesses involved in state contracts.
Businesses:
All businesses seeking to engage in state procurement will need to comply with the disclosure requirements. This could impact a wide range of companies, from large corporations to small businesses.
State Agencies:
State agencies will need to adapt their procurement processes to incorporate the new disclosure requirements, potentially affecting how contracts are awarded.
The Public:
The general public will benefit from increased transparency regarding the historical ties of businesses to slavery, fostering a more informed consumer base.
Current Status:
As of April 11, 2025, the bill has been referred to the Insurance Committee for further consideration.
Related Legislation:
This bill is related to prior-session bill S 7738 and has a companion bill S 5979, indicating ongoing legislative interest in addressing the historical impacts of slavery in New York.
Bill A 7866 represents a significant step towards acknowledging and addressing the historical injustices of slavery through increased transparency in business practices and state procurement. By requiring disclosures and creating a public database, the bill aims to promote accountability and ethical standards in business dealings with the state.
Compiled from official sources — confirm details with the bill’s official record.
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