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NY S08510
Bill
Status
Introduced
3/8/2022
Primary Sponsor
James Skoufis
Click for details
AI Summary
- Amends Election Law Section 14-116 to prohibit corporations and other corporate entities from making political contributions, loans, loan guarantees, or other security for loans to candidates or political committees
- Eliminates the previous $5,000 aggregate annual limit on corporate political expenditures, replacing it with an outright ban on corporate contributions
- 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 is deemed a contribution
- Applies the contribution ban to all persons who endorse, cosign, guarantee, collateralize, or provide other security for loans to candidates or committees
- 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 8510A
5/4/2022
Committee Referrals
Elections3/8/2022
Full Bill Text
No bill text available