New York Assembly Bill A08411

New York 2025-2026 Regular Session

• Introduced: 5/14/25
• Refer: 5/14/25
• Report Pass: 5/20/25
• Refer: 5/20/25
• Report Pass: 5/21/25
• Engrossed: 5/21/25
• Refer: 5/21/25
• Engrossed: 6/12/25
• Enrolled: 6/18/25
• Chaptered: 6/20/25
• Chaptered: 6/18/25
• Passed: 6/20/25
• Passed: 6/18/25

Caption

Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2025 to June 30, 2026; extends for one year the advisory panel on employee-owned enterprises which is tasked with reporting and making recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York state.

Summary

This bill extends the deadline for the advisory panel on employee-owned enterprises to issue its report from June 30, 2025 to June 30, 2026. It also extends the underlying authorization for the panel itself by one year, from October 1, 2025 to October 1, 2026, while preserving the act’s immediate effectiveness and eventual repeal date. The advisory panel was created to study employee-owned enterprises in New York and make findings and recommendations on how the state can better support existing employee-owned businesses and encourage the formation and growth of new ones. By moving the reporting deadline and sunset date forward one year, the bill gives the panel additional time to complete its work and continue operating within the Division of Small Business Services. The bill’s impact on state law is narrow and procedural: it amends the Economic Development Law and a 2017 chapter law to extend a temporary advisory body rather than create a new program or regulatory mandate. It does not directly change tax, labor, or business ownership rules, but it keeps in place the state’s formal mechanism for studying employee ownership and informing future policy in that area. The sentiment around the bill appears strongly favorable and noncontroversial. It passed the Assembly Economic Development Committee, Assembly Rules Committee, Assembly floor, and Senate floor unanimously, indicating broad bipartisan support for giving the panel more time to finish its report and recommendations. There is little visible contention in the available record. The only substantive issue is whether the advisory panel should continue for another year, and the unanimous votes suggest no significant opposition to that extension. The bill is best understood as a technical extension to support ongoing policy analysis for employee-owned enterprises rather than a contested substantive reform.

Impact

The bill amends section 139 of the Economic Development Law and the 2017 chapter law establishing the advisory panel on employee-owned enterprises, extending the panel’s reporting deadline and its statutory sunset by one year. It affects the temporary advisory panel within the Division of Small Business Services and preserves the existing framework for studying and recommending policies related to employee ownership in New York.

Sentiment

The bill was received very positively. It passed the Assembly Economic Development Committee, Assembly Rules Committee, Assembly floor, and Senate floor unanimously, suggesting broad agreement that the advisory panel should be given additional time to complete its work and submit recommendations.

Contention

There is no notable opposition reflected in the bill text, committee record, or vote history. The only point at issue is the length of the extension for the advisory panel, and the unanimous votes indicate that lawmakers generally agreed the extra year was appropriate.