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The past two years have seen soaring numbers of gas and electric customers late in paying their bills. The state has stepped in with relief programs, but experts say arrears could begin to rise again.
The bill would have added protections for tenants, including capping annual rent increases to 3 percent.
State lawmakers are trying to get an encompassing end-of-session package together by Friday.
The Challenge Competition is part of the larger, $600 million contest for state business aid.
Alicia McIlwain-Marks, a day care center operator, and Kyle Strober, leader of a developers' group, will join the 22-member Long Island Regional Economic Development Council.