New York policy
S8594: Enacts the securing customer assets against malfeasance act or the S.C.A.M. act
NY Senate · Sponsor Zellnor Myrie
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- February 27, 2026
What it requires
Enacts the "securing customer assets against malfeasance" or "S.C.A.M." act; increases penalties for a scheme to defraud; broadens the definitions of commercial bribery and bribing a public servant; creates the crime of structuring; expands jurisdiction for tax revenue deprivation; increases penalties for defrauding the government and certain persons over the age of sixty-five.
ny-statesenatelegislationbill
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