---
type: "Bill"
title: "Relates to criteria for the establishment of banking development districts"
description: "Provides that a community which is underbanked shall be criteria for the establishment of banking development districts."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2023-2024"
identifier: "A 5516"
citation: "New York A 5516 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Pamela J. Hunter"]
version_count: 1
action_count: 12
vote_count: 2
first_action: "2023-03-15"
last_action: "2023-10-25"
source: "openstates"
source_identifier: "ocd-bill/43871294-b177-4504-beb7-8e1437756cfc"
source_url: "http://www.nysenate.gov/legislation/bills/2023/A5516"
source_hash: "8d7ffb36570ee8403aa03b8a5207001b00b6ae95cc427450d330d3d7669f8522"
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 5516 (2023-2024) — Relates to criteria for the establishment of banking development districts

Provides that a community which is underbanked shall be criteria for the establishment of banking development districts.

## Version chain

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

1. **A5516** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A5516&term=2023&Text=Y)

## Votes

- Floor Vote — **58–0** (pass) · upper
- Assembly Vote — **146–2** (pass) · lower

## Sponsors

- Pamela J. Hunter — primary (person)
- Chris Burdick — cosponsor (person)
- David Weprin — cosponsor (person)

## Timeline

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

- **2023-03-15** REFERRED TO BANKS `referral-committee`
- **2023-03-22** REPORTED
- **2023-03-23** ADVANCED TO THIRD READING CAL.96
- **2023-03-28** PASSED ASSEMBLY `passage`
- **2023-03-28** DELIVERED TO SENATE
- **2023-03-28** REFERRED TO BANKS `referral-committee`
- **2023-05-31** SUBSTITUTED FOR S6270
- **2023-05-31** 3RD READING CAL.1014
- **2023-05-31** PASSED SENATE `passage`
- **2023-05-31** RETURNED TO ASSEMBLY
- **2023-10-13** DELIVERED TO GOVERNOR `executive-receipt`
- **2023-10-25** SIGNED CHAP.555 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/43871294-b177-4504-beb7-8e1437756cfc`. Confidence: reported (aggregated from official New York legislature records).