Establishes a five-year moratorium on foreign entities purchasing homes in New York state unless the purchase is for a primary residence; directs the department of state to conduct a study on the effects of the moratorium on the housing market and to send a report on the study to the legislature; specifies data and indicators to analyze for the study; defines terms.
Regulates the purchase and sale of catalytic converters; permits only licensed or regulated scrap metal dealers, vehicle dealers, vehicle dismantlers or repair shops to possess, purchase or sell catalytic converters; makes unlawful possession an E felony; requires restitution.