State government agencies in New York would be required to disclose more information, including reports generated by state agencies as well as the cryptocurrency investments by public officials, under legislation approved by the Democratic-led Assembly on Wednesday.
The measures were approved amid "Sunshine Week" in New York — an annual recognition of provisions and goals for boosting accountability and transparency in government.
“New Yorkers deserve a government that works for them and does so in an open and transparent fashion,” said Speaker Carl Heastie. “Today’s legislative package updates our financial disclosure requirements, closes loopholes and improves accessibility to help build trust between the public and state government.”
One bill is meant to address what lawmakers called a "loophole" on cryptocurrency assets on the state's financial disclosure statement for public officials who are required to submit them.
Lawmakers also approved a measure that would require a limited liability company that signs a lease with the state government to disclose the names and addresses of its members and managers.
And lawmakers want to waive the ability of state agencies and local governments to claim copyright protection on certain records, except when the document reflects an artistic creation or scientific or academic research.
“The measures we passed today help fulfill our mission to strengthen the public’s confidence in New York State government by increasing transparency, accountability and accessibility,” said Assemblyman John McDonald. “Specifically, my bills will ensure transparency in leases made by the state with an LLC and require state agencies to post public documents on their website for easier access by the public.”