| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Mar 17, 2022 |
referred to elections |
Senate Bill S8588
2021-2022 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Elections Committee
Actions
2021-S8588 (ACTIVE) - Details
- Current Committee:
- Senate Elections
- Law Section:
- Election Law
- Laws Affected:
- Add §14-107-c, El L
2021-S8588 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8588
SPONSOR: RATH
TITLE OF BILL:
An act to amend the election law, in relation to reporting requirements
for certain contributions made to political action committees
PURPOSE OR GENERAL IDEA OF BILL:
This bill establishes financial reporting requirements for any entity
that donates more than 10,000 dollars to a political action committee
(PAC)
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends the election law to add a new section 14-107-c. This
section provides that any covered entities, as defined in the section,
that donates over ten thousand dollars to a political action committee
must disclose information such as the primary manager of the entity, a
description of the contribution, and the date of the donation, as well
as any other requested information to the state board of elections no
2021-S8588 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
8588
I N S E N A T E
March 17, 2022
___________
Introduced by Sen. RATH -- 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 reporting requirements
for certain contributions made to political action committees
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The election law is amended by adding a new section
14-107-c to read as follows:
§ 14-107-C. CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES. 1. A COVERED
ENTITY THAT MAKES ANY CONTRIBUTION OR CONTRIBUTIONS TO A POLITICAL
ACTION COMMITTEE IN AN AGGREGATE AMOUNT OR FAIR MARKET VALUE EXCEEDING
TEN THOUSAND DOLLARS IN A CALENDAR YEAR SHALL FILE A FINANCIAL DISCLO-
SURE REPORT WITH THE STATE BOARD OF ELECTIONS. SUCH FINANCIAL DISCLOSURE
REPORT SHALL INCLUDE:
(A) THE NAME AND ADDRESS OF SUCH COVERED ENTITY;
(B) IN THE CASE OF A COVERED ENTITY THAT IS NOT A NATURAL PERSON, THE
NAME OR NAMES OF ANY INDIVIDUALS WHO EXERT OPERATIONAL OR MANAGERIAL
CONTROL OVER SUCH COVERED ENTITY, WHICH SHALL INCLUDE THE NAME OF AT
LEAST ONE NATURAL PERSON;
(C) A DETAILED DESCRIPTION OF SUCH CONTRIBUTION OR CONTRIBUTIONS;
(D) THE DOLLAR AMOUNT PAID FOR EACH SUCH CONTRIBUTION, THE NAME AND
ADDRESS OF THE POLITICAL ACTION COMMITTEE RECEIVING SUCH CONTRIBUTION,
AND THE DATE EACH SUCH CONTRIBUTION WAS MADE; AND
(E) ANY OTHER INFORMATION THE STATE BOARD OF ELECTIONS SHALL REQUIRE.
2. A COVERED ENTITY REQUIRED TO FILE A FINANCIAL DISCLOSURE REPORT
UNDER SUBDIVISION ONE OF THIS SECTION SHALL FILE SUCH FINANCIAL DISCLO-
SURE REPORT WITH THE STATE BOARD OF ELECTIONS NO LATER THAN THIRTY DAYS
FOLLOWING THE END OF THE YEAR COVERED UNDER SUCH FINANCIAL DISCLOSURE
REPORT.
3. FOR THE PURPOSES OF THIS SECTION, THE TERM "COVERED ENTITY" SHALL
MEAN ANY PERSON, CORPORATION, NONPROFIT CORPORATION, NOT-FOR-PROFIT
CORPORATION, ORGANIZATION, GROUP OR OTHER ENTITY.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14655-01-2
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