what does it mean when a bill is "REPORTED AND COMMITTED TO FINANCE"?

I'm in New York and have been following a particular bill I support on the NY Senate website. Its in committee and as of Feb 8th it says "REPORTED AND COMMITTED TO FINANCE" what exactly does this mean? Best I can tell it passed a vote. 4 "ayes" 2 "nays" and 1 "aye with reservations"

2021-02-13T21:57:02Z

https://www.nysenate.gov/legislation/bills/2021/s1144

DON W2021-02-14T03:09:10Z

Favorite Answer

It is in the Senate Committee Finance Committee.  The vote was to forward it there.

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