Assembly Bill A502

2023-2024 Legislative Session

Requires that bidders and all others seeking state contracts disclose their percentage and number of female executives and board members

download bill text pdf

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Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A502 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
State Finance Law
Laws Affected:
Add §149, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A2028
2017-2018: A518
2019-2020: A910
2021-2022: A1795

2023-A502 (ACTIVE) - Summary

Requires that bidders and all others seeking state contracts disclose their percentage and number of female executives and board members and their aspirations to include more female members.

2023-A502 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    502
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2023
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL -- read once and referred to the
   Committee on Governmental Operations
 
 AN ACT to amend the state finance law, in  relation  to  requiring  that
   bidders and all others seeking state contracts disclose their percent-
   age and number of female executives and board members

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative intent. The legislature finds that there  is  a
 growing body of evidence that companies perform better when their boards
 and  executive leadership are strongly represented by women and that the
 state has a vested interest in ensuring that companies receiving  public
 funds  and  contracts  perform  efficiently  to  maintain a high rate of
 success.  Further, the legislature finds that it is in the state's vest-
 ed interest to encourage equitable and diverse gender representation  on
 corporate  boards  of companies receiving public funds and contracts. It
 is the intent of this act to require companies who wish to  do  business
 with  the  state  to disclose the current percentage and number of women
 executive officers employed by the company,  percentage  and  number  of
 women  on its corporate board, and the company's goals for the increased
 participation of women in executive positions and on corporate boards.
   § 2. The state finance law is amended by adding a new section  149  to
 read as follows:
   § 149. DISCLOSURE OF WOMEN IN EXECUTIVE POSITIONS AND SERVING AS BOARD
 MEMBERS  BY  STATE  CONTRACTORS. 1. ALL CONTRACT SOLICITATIONS INCLUDING
 BUT NOT LIMITED  TO,  INVITATIONS  FOR  BIDS,  REQUESTS  FOR  PROPOSALS,
 REQUESTS FOR APPLICATIONS AND REQUESTS FOR QUALIFICATIONS FOR CONTRACTS,
 IN  EXCESS  OF ONE HUNDRED THOUSAND DOLLARS SHALL REQUIRE THAT ALL OFFE-
 RORS SEEKING STATE CONTRACTS SHALL DISCLOSE:
   (A) THE CURRENT PERCENTAGE AND NUMBER OF WOMEN  SERVING  IN  EXECUTIVE
 POSITIONS AND AS BOARD MEMBERS FOR THE OFFEROR;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00861-01-3
 A. 502                              2
              

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