Enacts the New York state bank act creating the New York state banking authority and New York state bank to serve New York state residents and businesses currently underserved by banking institutions.
Authorizes the empire state development corporation to develop a public awareness campaign promoting businesses located in New York state with an emphasis on small businesses and the need to shop in downtown local areas; requires the creation of the Buy New York Online Networking Directory to connect purchasers with businesses located in New York.
Enacts the "New York state credit risk transparency and investor protection act" requiring issuers of state-backed bonds to issue quarterly risk statements.
Enacts the "New York fundamental artificial intelligence requirements in (FAIR) news act"; provides requirements for fairness in disclosures to news media workers, news media consumers, oversight of AI systems, and workplace protections for news media workers.
Establishes the New York state Black history preservation commission to ensure the documentation and preservation of Black history in New York state within the state university of New York.