Banks on compliance monitoring for Local Law 168

And what will compliance monitoring look like with Local Law 168?

What enforcement tools are available to address violations?

And has the agency identified any implementation challenges that may require additional staffing resources or legislative changes moving forward?

I think we have, thanks in part to the law and to the investment by the mayor, I actually think we have strong authority and capacity to take these on.

One technique we've done in the past, which has been effective, is sweeps, where we do a broad prep.

Because precisely for the reason you said, most New Yorkers are still using private preparers.

Correct.

Many of them are breaking the law.

You know, when we do a sweep, we're sending a message that we're looking across the marketplace.

Do you want to add to that?

Right, and there are two ways we can conduct this.

We have a field enforcement division.

People are out in the street every day as we're speaking, going to business, making sure they're complying with the consumer face, mostly consumer facing laws and rules of this of the city.

And so we have people and around tax season, we have sweeps of those and for making sure that tax preparers are complying with the specific laws and rules that they need to comply with.

Then we have lawyers.

You know, back in the office, or looking at those complaints, like I mentioned before, council member, and saying, which businesses should we be taking a deeper look into?

Okay.

Well, thank you for your responses, and I'm looking forward to continue working with you.

Thank you.

Thank you.

Thank you.

We have Councilmember Pierina Sanchez, followed by Councilmember Krishnan.