# New Jersey A5702: Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.

New Jersey A5702, Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations., is a 220th Legislature (2024-2025) House bill sponsored by Shanique Speight (Democratic); status failed, last action 2025-05-22 (Introduced, 1st Reading in Assembly, Referred to Assembly Community Development and Women's Affairs Committee) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-A5702-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey A5702
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.
- Status: failed
- Chamber: House
- Introduced: 2025-05-22
- Last action: 2025-05-22, Introduced, 1st Reading in Assembly, Referred to Assembly Community Development and Women's Affairs Committee
- Sponsor: Shanique Speight (Democratic)
- Cosponsors: 1
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Shanique Speight (Democratic), House
- Cosponsor: Joe Danielsen (Democratic), House

## Actions (1)

- 2025-05-22: Introduced, 1st Reading in Assembly, Referred to Assembly Community Development and Women's Affairs Committee (House)

## Bill text

- As Introduced, 2025-11-17: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A6000/5702_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A6000/5702_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A6000/5702_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A6000/5702_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-A5702-2024-2025 (as of 2026-10-17).