Hot Topics

• NYBA submitted a letter in support of a bill, now under consideration for the Governor’s approval, that will increase the public funds investment options available for counties outside of New York City. NYBA is supporting the advocacy of A.7209 (Thiele)/ s.6323 (Gaughran) by the New York State Association of Counties (NYSAC) and applauds this effort to give more flexibility to county governments in need of safe but alternative ways to drive returns on their investments.
  
  
• Senate Majority Leader Chuck Schumer (D-NY) released a discussion draft of legislation to legalize cannabis at the federal level, remove federal penalties on cannabis, expunge nonviolent federal cannabis-related criminal records and allow states to decide if or how to legalize the drug. The Cannabis Administration and Opportunity Act faces extremely long odds for passage this year.
   

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