| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Mar 10, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S7063
2009-2010 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
Actions
2009-S7063 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4013
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Limited Liability Company Law
- Laws Affected:
- Add §1105, Lim Lil L; amd §14-114, El L
2009-S7063 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7063
TITLE OF BILL :
An act to amend the limited liability company law and the election
law, in relation to campaign contributions
PURPOSE :
To prohibit limited liability companies from making campaign
contributions.
SUMMARY OF PROVISIONS :
Section 1 of the bill would amend the limited liability law to add a
new section 1105 that would prohibit limited liability companies from
making campaign contributions.
Section 2 of the bill would amend section 14-114 of the election law
to add a new subdivision 9 that would prohibit limited liability
companies from making campaign contributions.
Section 3 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
2009-S7063 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7063
I N S E N A T E
March 10, 2010
___________
Introduced by Sen. SQUADRON -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the limited liability company law and the election law,
in relation to campaign contributions
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The limited liability company law is amended by adding a
new section 1105 to read as follows:
S 1105. PROHIBITION OF CAMPAIGN CONTRIBUTIONS. NO DOMESTIC OR FOREIGN
LIMITED LIABILITY COMPANY SHALL MAKE A CONTRIBUTION TO THE CAMPAIGN OF
ANY CANDIDATE FOR ANY ELECTED OFFICE.
S 2. Section 14-114 of the election law is amended by adding a new
subdivision 9 to read as follows:
9. NO DOMESTIC OR FOREIGN LIMITED LIABILITY COMPANY MAY CONTRIBUTE ANY
AMOUNT OR SERVICES TO A CANDIDATE FOR ANY ELECTED OFFICE.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07237-01-9
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