NY A03307: Incorporates the 2022 Uniform Law Commission recommended amendments to the Uniform Commercial Code to provide for emerging technologies; addresses em…
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Incorporates the 2022 Uniform Law Commission recommended amendments to the Uniform Commercial Code to provide for emerging technologies; addresses emerging technologies, providing updated rules for commercial transactions involving virtual currencies, distributed ledger technologies (including…
AI Summary
This bill amends the Uniform Commercial Code to incorporate rules for transactions involving emerging technologies like AI and blockchain.
If you engage in transactions involving AI or blockchain in New York, you must comply with updated UCC rules or face legal challenges.
State
New York
Bill Number
A03307
Status
Passed Both Chambers
Risk Level
Medium
Category
Amendment
Last Action
Dec 5, 2025
Last Verified
May 4, 2026
Data Updated
May 4, 2026
Version
v2
What do these statuses mean?▼
Introduced— Filed in the legislature; not yet heard in committee
In Committee— Assigned to and being reviewed by a legislative committee
Passed— Approved by one or both chambers; awaiting further action
Signed / Enacted— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed— Vetoed, failed to pass, or session expired without action
Unknown— Status data not yet available or awaiting classification
Affected Industries
TechnologyE-commerceFinanceGeneral
What This Means
This legislation updates the Uniform Commercial Code to address the complexities of emerging technologies such as artificial intelligence and blockchain. Verification of compliance requirements or penalties requires the full bill text.
Key Provisions
Amends rules regarding the enforceability of contracts involving emerging technologies.
Clarifies the treatment of electronic documents and signatures in commercial transactions.
Specifies the scope of UCC applicability to transactions involving goods and services.
Latest Legislative Action
signed chap.579
Bill Sponsors
Name
Role
District
Alex BoresD
Sponsor
HD-073
Alicia HyndmanD
Sponsor
HD-029
Nader SayeghD
Sponsor
HD-090
Rodneyse Bichotte HermelynD
Sponsor
HD-042
Roll Call Votes (showing 3 of 4)
A ·
Assembly Floor Vote - Final Passage ·
Jun 11, 2025
146 Yea 0 Nay 4 OtherPassed ✓
S ·
Senate Floor Vote - Final Passage ·
Jun 11, 2025
58 Yea 1 Nay 4 OtherPassed ✓
A ·
Assembly Rules Committee: Favorable ·
Jun 11, 2025
28 Yea 0 Nay 3 OtherPassed ✓
A ·
Assembly Judiciary Committee: Favorable refer to committee Rules ·
Jun 4, 2025
19 Yea 0 Nay 2 OtherPassed ✓
Compliance Checklist
Review and update contracts to align with new UCC provisions regarding AI and blockchain. Who: Businesses using AI or blockchain in transactions. Penalty: Potential legal challenges or unenforceable contracts.
Ensure electronic documents and signatures comply with updated definitions and requirements. Who: Businesses engaging in electronic transactions. Penalty: Risk of disputes over contract enforceability.
The bill amends various sections of the Uniform Commercial Code (UCC) to incorporate definitions and provisions relevant to emerging technologies, including artificial intelligence and blockchain. The full bill text should be consulted to confirm whether it includes definitions for terms like 'electronic' and 'hybrid transaction.' The bill does not explicitly mention penalties for non-compliance in the description provided, but failure to adhere to the UCC could result in unenforceable contracts or legal challenges. Compared to similar laws in other states, New York's approach is proactive in integrating technology into commercial law, reflecting a growing trend to regulate digital and automated transactions.
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