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---
type: "Bill"
title: "Relates to prohibited unlicensed activities"
description: "Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2025-2026"
identifier: "S 8408"
citation: "New York S 8408 (2025-2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Liz Krueger"]
version_count: 1
action_count: 11
vote_count: 3
first_action: "2025-06-09"
last_action: "2025-12-05"
source: "openstates"
source_identifier: "ocd-bill/3a3b68d8-eca2-4d91-9eb2-0bcd508e1e70"
source_url: "http://www.nysenate.gov/legislation/bills/2025/S8408"
source_hash: "651136896b3dbc0f661b2a73006477ca896dc66932c71d9ba8088238d3fd4bb7"
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 S 8408 (2025-2026) — Relates to prohibited unlicensed activities
Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **S8408** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S8408&term=2025&Text=Y)
## Votes
- Floor Vote — **59–0** (pass) · upper
- Rules Vote — **20–0** (pass) · upper
- Assembly Vote — **136–0** (pass) · lower
## Sponsors
- Liz Krueger — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-06-09** REFERRED TO RULES `referral-committee`
- **2025-06-12** ORDERED TO THIRD READING CAL.1945
- **2025-06-12** PASSED SENATE `passage`
- **2025-06-12** DELIVERED TO ASSEMBLY
- **2025-06-12** REFERRED TO WAYS AND MEANS `referral-committee`
- **2025-06-13** SUBSTITUTED FOR A8804
- **2025-06-13** ORDERED TO THIRD READING RULES CAL.696
- **2025-06-13** PASSED ASSEMBLY `passage`
- **2025-06-13** RETURNED TO SENATE
- **2025-12-01** DELIVERED TO GOVERNOR `executive-receipt`
- **2025-12-05** SIGNED CHAP.610 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3a3b68d8-eca2-4d91-9eb2-0bcd508e1e70`. Confidence: reported (aggregated from official New York legislature records).