---
type: "Bill"
title: "prohibits use of placement agents and intermediaries in the common retirement fund"
description: "Prohibits the use of placement agents or intermediaries by investment managers doing business with the common retirement fund."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2017-2018"
identifier: "A 3137"
citation: "New York A 3137 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["ABBATE"]
version_count: 2
action_count: 21
vote_count: 3
first_action: "2017-01-26"
last_action: "2018-08-21"
source: "openstates"
source_identifier: "ocd-bill/62191c85-2da2-45a9-8682-675b09896cfb"
source_url: "http://www.nysenate.gov/legislation/bills/2017/A3137"
source_hash: "8d6149a45fc8bc327c9c078f7324068809bb174556cf17e302bb8b23f0780442"
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 3137 (2017-2018) — prohibits use of placement agents and intermediaries in the common retirement fund

Prohibits the use of placement agents or intermediaries by investment managers doing business with the common retirement fund.

## Version chain

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

1. **A3137 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A3137&term=2017&Text=Y)
2. **A3137 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/A3137)

## Votes

- Floor Vote — **60–0** (pass) · upper
- Assembly Vote - Vote 2 — **134–0** (pass) · lower
- Assembly Vote — **138–0** (pass) · lower

## Sponsors

- ABBATE — primary (person)

## Timeline

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

- **2017-01-26** REFERRED TO GOVERNMENTAL EMPLOYEES `referral-committee`
- **2017-06-14** REPORTED REFERRED TO WAYS AND MEANS `referral-committee`
- **2017-06-19** REPORTED REFERRED TO RULES `referral-committee`
- **2017-06-19** REPORTED
- **2017-06-19** RULES REPORT CAL.475
- **2017-06-19** ORDERED TO THIRD READING RULES CAL.475
- **2017-06-20** PASSED ASSEMBLY `passage`
- **2017-06-20** DELIVERED TO SENATE
- **2017-06-20** REFERRED TO RULES `referral-committee`
- **2018-01-03** DIED IN SENATE
- **2018-01-03** RETURNED TO ASSEMBLY
- **2018-01-03** ORDERED TO THIRD READING CAL.255
- **2018-03-19** PASSED ASSEMBLY `passage`
- **2018-03-19** DELIVERED TO SENATE
- **2018-03-19** REFERRED TO CIVIL SERVICE AND PENSIONS `referral-committee`
- **2018-06-13** SUBSTITUTED FOR S4761
- **2018-06-13** 3RD READING CAL.895
- **2018-06-13** PASSED SENATE `passage`
- **2018-06-13** RETURNED TO ASSEMBLY
- **2018-08-13** DELIVERED TO GOVERNOR `executive-receipt`
- **2018-08-21** SIGNED CHAP.203 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/62191c85-2da2-45a9-8682-675b09896cfb`. Confidence: reported (aggregated from official New York legislature records).