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NY A06233
Bill
Status
2/27/2025
Primary Sponsor
Robert Carroll
Click for details
AI Summary
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Prohibits corporations, limited liability companies, limited liability partnerships, and partnerships from making contributions, loans, or loan guarantees to candidates or political committees
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Eliminates the previous exception that allowed corporations and LLCs to contribute up to $5,000 in aggregate per calendar year for political purposes
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Exempts loans made in the regular course of a lender's business from the prohibition
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Requires loans made to candidates or political committees by any person, firm, or association to be repaid by the date of the primary, special, or general election
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Treats any loan not repaid by election day as a contribution from the lender, including from anyone who endorsed, cosigned, guaranteed, or provided security for the loan
Legislative Description
Prohibits certain political contributions and loans by certain organizations; provides that loans not repaid by the date of the primary or election shall be considered a contribution.
Last Action
referred to election law
1/7/2026