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S 2047

No Capital Gains Allowance for American Adversaries Act

119th Congress Introduced by Pete Ricketts

Bill S 2047 mandates SUNY and CUNY employees to disclose certain business relationships, enhancing transparency and ethical standards in these institutions.

Introduced in Senate
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WeVote Research Nonpartisan
Bill Summary · S 2047

Summary of Bill S 2047

Bill Overview

  • Bill Number: S 2047
  • Title: Relates to the term "reportable business relationship" as it relates to certain employees of the State University of New York (SUNY) and the City University of New York (CUNY)
  • Status: Committed to Rules
  • Introduced: January 15, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 2047 is to clarify and define the term "reportable business relationship" specifically for employees of SUNY and CUNY. This legislation aims to enhance transparency and ethical standards within these educational institutions by establishing clear guidelines regarding business relationships that must be reported.

Key Provisions

  • Definition of "Reportable Business Relationship": The bill seeks to provide a precise definition of what constitutes a reportable business relationship for employees at SUNY and CUNY. This may include relationships that could create conflicts of interest or the appearance of impropriety.
  • Reporting Requirements: Employees will be required to disclose any business relationships that fall under the newly defined criteria. This is intended to ensure accountability and maintain the integrity of the institutions.
  • Compliance and Enforcement: The bill may outline the procedures for compliance, including potential penalties for failing to report such relationships, although specific enforcement mechanisms are not detailed in the provided information.

Affected Parties

  • Employees of SUNY and CUNY: The bill directly impacts faculty, staff, and administrators at these universities, requiring them to be more vigilant about their business relationships.
  • Students and Stakeholders: By promoting transparency, the bill indirectly benefits students and other stakeholders by fostering an ethical academic environment.

Legislative Timeline

  • January 15, 2025: Bill introduced and referred to the Ethics and Internal Governance Committee.
  • May 13, 2025: First report calendar (1ST REPORT CAL.1021).
  • May 14, 2025: Second report calendar (2ND REPORT CAL.).
  • May 15, 2025: Advanced to third reading.
  • May 19, 2025: Amended on third reading (2047A).
  • June 13, 2025: Committed to Rules.

Related Legislation

  • S 6325, S 202, S 3606: Prior-session bills that may have addressed similar issues or provided context for the current legislation.
  • A 617: Companion bill in the Assembly that may parallel the provisions of S 2047.

Conclusion

Bill S 2047 represents a significant step towards enhancing ethical standards within SUNY and CUNY by clearly defining and regulating reportable business relationships. As it progresses through the legislative process, its implications for university employees and the broader academic community will become clearer.

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

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