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NY S06263

Bill

Status

Introduced

4/19/2021

Primary Sponsor

Alessandra Biaggi

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Origin

Senate

2021-2022 General Assembly

AI Summary

  • Eliminates obsolete client disclosure requirements for services provided before January 1, 2016, replacing outdated subsections (b) and (b-2) with streamlined disclosure rules.

  • Requires state officials earning $10,000 or more from law, real estate, professional, or lobbying work to disclose clients paid over $5,000, except for medical, dental, mental health, residential real estate brokering, and certain privileged matters.

  • Lowers contract and grant thresholds triggering client disclosure from $50,000/$25,000 to $10,000/$10,000 for state work, making more transactions subject to public reporting.

  • Establishes a confidential "locked box" filing system with the Office of Court Administration for initial public offering work and allows exemption requests when client disclosure could cause harm, with three-day determination deadline.

  • Adds "domestic partner" to investment disclosure requirements for spouses and clarifies that client identity disclosure does not constitute professional misconduct or grounds for disciplinary action.

Legislative Description

Modifies the requirements for financial disclosures for certain state and legislative officials, officers and employees.

Last Action

COMMITTED TO RULES

6/3/2022

Committee Referrals

Rules6/3/2022
Ethics and Internal Governance1/5/2022
Rules6/10/2021
Ethics and Internal Governance4/19/2021

Full Bill Text

No bill text available