Requires quarterly reporting on the amounts awarded and received from the opioid settlement fund

2025 Regular Session Introduced by Phil Steck and 1 co-sponsor

Requires quarterly reports of amounts awarded from and received into the opioid settlement fund to boost transparency and guide budgeting.

REPORTED REFERRED TO WAYS AND MEANS

Summary of Bill A 504

Overview

Bill A 504 is an enacted measure in the New York Assembly that would require quarterly reporting on the amounts awarded from, and received into, the opioid settlement fund. The primary aim is to increase transparency and oversight of how opioid settlement funds are allocated and utilized.

Bill number: A 504

Title: Requires quarterly reporting on the amounts awarded and received from the opioid settlement fund

Status: REPORTED REFERRED TO WAYS AND MEANS

Introduced: January 8, 2025

Classification: bill

Primary sponsor: Phil Steck

Cosponsor: Albert A. Stirpe

Related bills: A 5807 (prior-session); S 6290 (companion)

Purpose and Intent

The bill seeks to enhance transparency around the opioid settlement fund by mandating regular, quarterly disclosures. Specifically, it requires reporting on:
- The amounts awarded from the opioid settlement fund
- The amounts received into (credited to) the fund

This is intended to provide lawmakers and the public with timely information about funding flows, commitments, and disbursements related to settlements from opioid litigation.

Key Provisions (as indicated by the bill’s description)

Obligation to produce quarterly reports detailing:

Amounts awarded from the opioid settlement fund
Amounts received into the opioid settlement fund

Reports would be produced on a quarterly schedule (the exact reporting format and recipients are not specified in the provided summary)

The bill directs consideration of these reports within the legislative process, presumably to aid budgeting, oversight, and program planning

Procedural History and Timeline

1/8/2025: Introduced and referred to the Committee on Alcoholism and Drug Abuse

1/8/2025: Referred to Alcoholism and Drug Abuse (duplicate action listed)

2/11/2025: REPORTED REFERRED TO WAYS AND MEANS (two entries indicate continued movement between committees, with final referral to Ways and Means)

Who Is Affected

State agencies and offices responsible for managing the opioid settlement fund and related programs

Legislative committees (initially Alcoholism and Drug Abuse; later Ways and Means) that would review and act on the reporting requirements

The public and policymakers who rely on quarterly financial transparency about settlement funds

Potential Impact

Improves transparency and accountability for opioid settlement funds

Provides timely data to inform budget decisions and program oversight

May affect reporting burden on agencies that administer or track the fund

Related and Companion Legislation

A 5807 (prior session)

S 6290 (companion, both Senate and Assembly versions)

If you’d like, I can compare A 504 to its companion S 6290 and related A 5807 to highlight any differences in reporting scope, timeline, or reporting specifics once the full text is available.