senate Bill S35

Lowers the annual candidate contribution limit from $150,000 to $75,000

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 05 / Jan / 2011
    • REFERRED TO ELECTIONS
  • 04 / Jan / 2012
    • REFERRED TO ELECTIONS

Summary

Lowers the annual candidate contribution limit from $150,000 to $75,000.

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Bill Details

See Assembly Version of this Bill:
A5881
Versions:
S35
Legislative Cycle:
2011-2012
Current Committee:
Senate Elections
Law Section:
Election Law
Laws Affected:
Amd ยง14-114, El L
Versions Introduced in Previous Legislative Cycles:
2009-2010: S4545, A429
2007-2008: A11402A

Sponsor Memo

BILL NUMBER:S35

TITLE OF BILL:
An act
to amend the election law, in relation to reducing the aggregate
calendar limit on the amount of contributions that can be made by
individuals

PURPOSE:
To reduce the limit on aggregate campaign
contributions an
individual may make during each calendar year from $150,000 to $75,000.

SUMMARY OF PROVISIONS:
Section 1 of the bill would amend subdivision
8 of section 14-114 of the election law, as amended by chapter 8 of
the laws of 1978 and as redesignated by chapter 9 of the laws of
1978, to reduced the reduce the limit on aggregate campaign
contributions an individual may make during each calendar year from
$150,000 to $75,000.
Section 2 of the bill specifies the effective date.

JUSTIFICATION:
It is widely believed that our campaign finance laws
need substantial changes to ensure the integrity of elections in our
state. This bill does not address the broad range of issues that
might be addressed in a comprehensive reform package. However, by
reducing the aggregate amount that each individual may contribute
each year, this bill will be a step toward diminishing the danger of
corruption posed by wealthy individuals who may donate large sums to
multiple candidates with an expectation that specific actions will
be taken in exchange for their contributions-as well as the
perception that such corruption may occur. Corporate contributors are
subject to separate, lower limits and are unaffected by this bill.

LEGISLATIVE HISTORY:
2009-10: S.4545 (Squadron) - Elections, A.429 (Kavanagh) - Election
Law
2008: A.11402A (Kavanagh) - Election Law

FISCAL IMPACT TO THE STATE:
None.

EFFECTIVE DATE:
This act shall take effect on the first January next
succeeding the date on which it shall have become law.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   35

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Elections

AN ACT to amend the election law, in relation to reducing the  aggregate
  calendar  limit  on  the  amount  of contributions that can be made by
  individuals

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  8  of section 14-114 of the election law, as
amended by chapter 8 of the laws of 1978 and as redesignated by  chapter
9 of the laws of 1978, is amended to read as follows:
  8. Except as may otherwise be provided for a candidate and his family,
no  person  may  contribute, loan or guarantee in excess of [one hundred
fifty] SEVENTY-FIVE thousand dollars within the state in connection with
the nomination or election of persons to state and local public  offices
and  party  positions  within  the state of New York in any one calendar
year. For the purposes of this subdivision "loan" or  "guarantee"  shall
mean a loan or guarantee which is not repaid or discharged in the calen-
dar year in which it is made.
  S  2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00045-01-1

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