Assembly Actions -
Senate Actions - UPPERCASE
|Jan 05, 2022
referred to elections
|Feb 02, 2021
referred to elections
Senate Bill S4070
2021-2022 Legislative Session
Archive: Last Bill Status - In Senate Committee Elections Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S4070 (ACTIVE) - Details
2021-S4070 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4070 SPONSOR: SALAZAR TITLE OF BILL: An act to amend the election law, in relation to political contributions by certain organizations PURPOSE: The purpose of this legislation is to ban corporations, limited liabil- ity companies, limited liability partnerships, and partnerships from making contributions to political campaigns. SUMMARY OF PROVISIONS: Section 1 - Amends section 14-116 of the election law to prohibit corpo- rations, limited liability companies, limited liability partnerships, and partnerships from contributing to a candidate or political commit- tee. This section also provides a safe harbor for businesses who provide loans in the normal course of their business. A loan must be repaid by
2021-S4070 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4070 2021-2022 Regular Sessions I N S E N A T E February 2, 2021 ___________ Introduced by Sens. SALAZAR, BIAGGI, BRESLIN, BRISPORT, GIANARIS, JACK- SON, KRUEGER, LIU, MAY, MAYER, MYRIE, RAMOS, RIVERA -- 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 by certain organizations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 14-116 of the election law, as amended by chapter 4 of the laws of 2019, is amended to read as follows: 2. A. 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 corporate entity may make expenditures, including contributions, not otherwise prohibited by law, for political purposes, in an amount not to exceed five thousand dollars in the aggregate in any calendar year; provided that no public utility shall use revenues received from the rendition of public service within the state for contributions for political purposes unless such cost is charged to the shareholders of such a public service corporation.] ANY OTHER PROVISION OF LAW TO THE CONTRARY, NO CONTRIBUTION, LOAN, LOAN GUARANTEE OR OTHER SECURITY FOR SUCH A LOAN FROM ANY CORPORATION, LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP OR PARTNERSHIP, OTHER THAN IN THE REGULAR COURSE OF THE LENDER'S BUSINESS, MAY BE ACCEPTED BY A CANDIDATE OR POLITICAL COMMITTEE, OTHER THAN A CORPORATION, LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP OR PARTNERSHIP THAT IS A POLITICAL COMMITTEE, FOR ALL NOMINATIONS TO ANY OFFICE OR ELECTION TO ANY OFFICE. B. A LOAN MADE TO A CANDIDATE OR POLITICAL COMMITTEE, OTHER THAN A CONSTITUTED COMMITTEE, BY ANY PERSON, FIRM OR ASSOCIATION SHALL BE REPAID BY THE DATE OF THE PRIMARY, SPECIAL OR GENERAL ELECTION, AS THE CASE MAY BE, OR SUCH LOAN SHALL BE CONSIDERED A CONTRIBUTION BY SUCH PERSON, FIRM OR ASSOCIATION INCLUDING ANY PERSON ENDORSING, COSIGNING, GUARANTEEING, COLLATERALIZING OR OTHER PROVIDING SECURITY FOR THE LOAN. § 2. This act shall take effect immediately.
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