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NY A09896
Bill
Status
Introduced
4/19/2022
Primary Sponsor
Robert Carroll
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AI Summary
- Repeals the existing provision allowing corporations and limited liability companies to make political contributions up to $5,000 per calendar year.
- Prohibits corporations from making contributions, loans, loan guarantees, or other security for loans to candidates or political committees, except for corporations that are themselves political committees.
- Requires any loans made to candidates or political committees by persons, firms, or associations to be repaid by the date of the primary, special, or general election or the loan shall be treated as a contribution.
- Exempts independent expenditure committees from these restrictions.
- Takes effect immediately upon enactment.
Legislative Description
Prohibits schedule B contributions on campaign finance filings.
Last Action
print number 9896a
5/6/2022
Committee Referrals
Election Law4/19/2022
Full Bill Text
No bill text available