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A 8411

Extends the reporting deadline of the advisory panel on employee-owned enterprises to 2026

2025 Regular Session Introduced by Al Stirpe

Extends the advisory panel on employee-owned enterprises' reporting deadline to 2026, giving the panel more time to study, report to the Legislature, and inform NY policy.

SIGNED CHAP.145
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Bill Summary · A 8411

Summary of Assembly Bill A 8411 (Extends the reporting deadline of the advisory panel on employee-owned enterprises to 2026)

Overview

A 8411, sponsored by Assemblymember Albert A. Stirpe, extends the reporting deadline for the advisory panel on employee-owned enterprises to 2026. The bill has been enacted and signed into law as Chapter 145 of the laws of New York.

What the bill does

  • Extends the deadline by which the advisory panel on employee-owned enterprises must issue its report to the Legislature to the year 2026.
  • Applies to the reporting obligation of the advisory panel, ensuring continued operation and finalization of its reporting requirement through 2026.

Legislative history and status

  • Introduced: May 14, 2025
  • Committee action: Referred to Economic Development (May 14, 2025); subsequently reported and moved through Rules and Third Reading processes (May 21, 2025) and to the Senate (May 21–June 12, 2025)
  • Senate action: Referred to Commerce, Economic Development and Small Business (May 21, 2025); substituted for S 8434, then passed Senate (June 12, 2025)
  • Assembly action: Passed Assembly (May 21, 2025); returned from Senate (June 12, 2025)
  • Signature: Delivered to Governor and signed into law on June 18, 2025 (Chapter 145)
  • Related bills: A 9969 (prior-session); S 8434 (companion in the Senate)

Key provisions

  • Deadline extension: The primary change is extending the advisory panel on employee-owned enterprises’ reporting deadline to 2026.
  • Scope: The extension concerns the disposition and timing of the panel’s required report to the Legislature or as otherwise mandated by existing law governing the advisory panel.

Who is affected

  • Advisory panel on employee-owned enterprises: The extension primarily affects the panel itself by delaying its reporting deadline.
  • General public and policymakers: Indirectly affected through extended opportunity for the panel to study, report, and inform policy regarding employee-owned enterprises in New York.

Effective date and implementation

  • Effective date: Upon signing into law (June 18, 2025) as Chapter 145.
  • Implementation: The extended deadline directs the panel to complete its reporting by 2026, aligning with the statutory timeline for its activities.

Practical impact

  • Provides additional time for the panel to conduct inquiries, gather information, and prepare a comprehensive report.
  • Maintains continuity of oversight and policy development related to employee-owned enterprises within New York during the extended period.

Notes

  • Companion legislation exists in the Senate (S 8434) and prior-session related bill (A 9969), indicating cross-chamber coordination on the same policy objective.

Compiled from official sources — confirm details with the bill’s official record.

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