---
type: "Bill"
title: "Authorizes additional supervision and regulation of limited-profit housing companies"
description: "Authorizes additional supervision and regulation of limited-profit housing companies relating to requiring members of a board of directors of a limited-profit housing company to complete training regarding the financial oversight, accountability and fiduciary responsibilities of a board member and the powers, functions and duties of a board of directors of a limited-profit housing company."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "A 7637"
citation: "New York A 7637 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["CYMBROWITZ"]
version_count: 1
action_count: 16
vote_count: 2
first_action: "2021-05-19"
last_action: "2021-12-21"
source: "openstates"
source_identifier: "ocd-bill/6c4dc731-54ce-4926-a257-999bc202fac2"
source_url: "http://www.nysenate.gov/legislation/bills/2021/A7637"
source_hash: "77a222e90044ac574931f6eff8ad28e7547c776875693a2cf4132bb8e17aed89"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York A 7637 (2021-2022) — Authorizes additional supervision and regulation of limited-profit housing companies

Authorizes additional supervision and regulation of limited-profit housing companies relating to requiring members of a board of directors of a limited-profit housing company to complete training regarding the financial oversight, accountability and fiduciary responsibilities of a board member and the powers, functions and duties of a board of directors of a limited-profit housing company.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **A7637** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A7637&term=2021&Text=Y)

## Votes

- Floor Vote — **44–19** (pass) · upper
- Assembly Vote — **140–9** (pass) · lower

## Sponsors

- CYMBROWITZ — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-05-19** REFERRED TO HOUSING `referral-committee`
- **2021-05-24** REPORTED REFERRED TO WAYS AND MEANS `referral-committee`
- **2021-06-03** REPORTED REFERRED TO RULES `referral-committee`
- **2021-06-07** REPORTED
- **2021-06-07** RULES REPORT CAL.490
- **2021-06-07** ORDERED TO THIRD READING RULES CAL.490
- **2021-06-07** PASSED ASSEMBLY `passage`
- **2021-06-07** DELIVERED TO SENATE
- **2021-06-07** REFERRED TO RULES `referral-committee`
- **2021-06-10** SUBSTITUTED FOR S7079
- **2021-06-10** 3RD READING CAL.1731
- **2021-06-10** PASSED SENATE `passage`
- **2021-06-10** RETURNED TO ASSEMBLY
- **2021-12-09** DELIVERED TO GOVERNOR `executive-receipt`
- **2021-12-21** SIGNED CHAP.684 `executive-signature`
- **2021-12-21** APPROVAL MEMO.72

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6c4dc731-54ce-4926-a257-999bc202fac2`. Confidence: reported (aggregated from official New York legislature records).