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NY A00910
Bill
Status
1/8/2025
Primary Sponsor
Nily Rozic
Click for details
AI Summary
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Requires corporations to obtain annual shareholder majority approval before making political contributions or independent expenditures, specifying a maximum aggregate amount and business purpose for such spending
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Mandates annual disclosure to shareholders and filing with the Secretary of State detailing each political contribution or independent expenditure, including date, amount, and recipient or issue supported/opposed
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Applies broadly across entity types including business corporations, foreign corporations, professional service corporations, cooperative corporations, not-for-profit corporations, railroad corporations, transportation corporations, banking corporations, and limited liability companies
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Defines "contribution" to include gifts, loans, and anything of value given to political committees or for electioneering communications, and "independent expenditure" as communications to 500+ people expressly advocating for or against candidates or ballot proposals
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Requires the Secretary of State to publish all corporate political activity disclosures on its website and authorizes the Attorney General to enforce the law through legal action
Legislative Description
Enacts the "corporate political activity accountability to shareholders act"; requires that corporate contributions to a political candidate or party committee or in support or opposition to a candidate or ballot referendum be approved by a majority of shareholders; applies to cooperative corporations, not-for-profit corporations, railroad and transportation corporations.
Last Action
referred to election law
1/7/2026