|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2018||recommit, enacting clause stricken|
|Jan 03, 2018||referred to elections|
senate Bill S7022
Archive: Last Bill Status - Stricken
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7022 (ACTIVE) - Details
S7022 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7022 SPONSOR: RIVERA TITLE OF BILL: An act to amend the election law, in relation to poli- tical contributions SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill adds LLCs to Election Law § 14-116 to provide that LLCs are subject to the aggregate contribution limit of $5000 that applies to corporations. Section 1 also requires disclosure of the iden- tity of all direct and indirect owners of the membership interests in the LLC and the proportion of each direct and indirect member's owner- ship interest in the LLC. Section 2 amends § 14-120 of the Election Law by requiring all contrib- utions made to a campaign or political committee by a LLC be attributed to each member of the LLC in proportion to the member's ownership inter- est. In addition, the State Board of Elections shall enact regulations that prevent the avoidance of the established rules. Section 3 of the bill establishes the effective date.
S7022 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7022 I N S E N A T E (PREFILED) January 3, 2018 ___________ Introduced by Sens. RIVERA, ADDABBO, AVELLA, BRESLIN, BROOKS, COMRIE, DILAN, GIANARIS, HAMILTON, HOYLMAN, KAMINSKY, KAVANAGH, KRUEGER, MONT- GOMERY, PARKER, PERALTA, PERSAUD, SERRANO, STAVISKY, STEWART-COUSINS -- 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 political contributions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 14-116 of the election law, subdivision 1 as redes- ignated by chapter 9 of the laws of 1978 and subdivision 2 as amended by chapter 260 of the laws of 1981, is amended to read as follows: § 14-116. Political contributions by certain organizations. 1. No corporation [or], LIMITED LIABILITY COMPANY, joint-stock association OR OTHER CORPORATE ENTITY doing business in this state, except a corpo- ration or association organized or maintained for political purposes only, shall directly or indirectly pay or use or offer, consent or agree to pay or use any money or property for or in aid of any political party, committee or organization, or for, or in aid of, any corporation, LIMITED LIABILITY COMPANY, joint-stock [or], other association, OR OTHER CORPORATE ENTITY organized or maintained for political purposes, or for, or in aid of, any candidate for political office or for nomination for such office, or for any political purpose whatever, or for the reimbursement or indemnification of any person for moneys or property so used. Any officer, director, stock-holder, MEMBER, OWNER, attorney or agent of any corporation [or], LIMITED LIABILITY COMPANY, joint-stock association OR OTHER CORPORATE ENTITY which violates any of the provisions of this section, who participates in, aids, abets or advises or consents to any such violations, and any person who solicits or know- ingly receives any money or property in violation of this section, shall be guilty of a misdemeanor. 2. Notwithstanding the provisions of subdivision one of this section, any corporation or an organization financially supported in whole or in part, by such corporation, ANY LIMITED LIABILITY COMPANY OR OTHER CORPO-
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